MacDermid and Tanaka Discontinue EEJA Joint Venture
February 6, 2018 | MacDermidEstimated reading time: 2 minutes
MacDermid Performance Solutions, a leading global provider of specialty chemicals and materials, announced the cessation of its joint venture with Tanaka Kikinzoku Kogyo K.K. of Japan, which was conducted through Electroplating Engineers of Japan, Limited (EEJA). MacDermid Performance Solutions has agreed to divest all of its shares in the joint venture to Tanaka for an undisclosed sum.
Joseph J. D’Ambrisi, Sr. VP of MacDermid Enthone Electronics Solutions, commented, “The joint venture was originally formed in 1965 as a way for the American company Sel-Rex to establish a presence in the Japanese market. Sel-Rex became part of Enthone Inc., and in 2015, part of MacDermid Performance Solutions. The integration of MacDermid, Enthone and the former OM Group assets into one business has created a leading global solutions provider to the electronics industry, including a large presence in Japan. This presence has eliminated the need for continuing the joint venture. Looking back, the work and cooperation between our two companies was a model for scientific collaboration. After the transaction is complete, both EEJA and MacDermid Enthone, through cross-licensing agreements, will continue to provide an uninterrupted supply of products to our customers.”
Julian Bashore, General Manager of MacDermid Enthone Electronics Solutions, Japan said, “As a manufacturer of specialty chemicals and materials, MacDermid Enthone Electronics Solutions’ surface treatment and metal deposition chemistries provide value to our manufacturing customers in the electronics, automotive, and industrial markets. The integrated MacDermid Enthone Electronics Solutions business is renewing our commitment to the Japanese market through our best-in-class innovation and technical service support.“
About EEJA
Electroplating Engineers of Japan Ltd., headquartered in Japan, is engaged in the development, production, sales and export of precious metal and based metal plating solutions, additives and surface processing-related chemicals. EEJA also designs and manufactures plating equipment. Following today’s dissolution of the joint venture, EEJA becomes a 100%-owned subsidiary of Tanaka Kikinzoku Kogyo K.K. For more information, click here.
About MacDermid Enthone Electronics Solutions
MacDermid Enthone Electronics Solutions is a business within MacDermid Performance Solutions, which is a subsidiary of Platform Specialty Products Corporation. MacDermid Enthone Electronics Solutions researches, formulates and delivers specialty chemistries used in the world’s leading electronics. Our products and technical support provide solutions for the most complicated, micro scale circuitry challenges. From wireless devices to automotive and military electronics – in everything you see, and in many things you don’t – MacDermid Enthone is there. For more information, click here.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
05/03/2024 | Nolan Johnson, I-Connect007This week’s most important news is strategic—and telling. When one puts together the IPC industry reports, we simply have to include the recent conversation with Shawn DuBravac and Tom Kastner. On the design side, check out the latest “On The Line With…” podcast featuring Brad Griffin from Cadence Design Systems, discussing SI and PI in the realm of intelligent system design.
IMI Welcomes New CEO
05/03/2024 | IMIIntegrated Micro-Electronics, Inc. (IMI),The IMI Board of Directors announced, in a disclosure dated April 25, 2024, the appointment of Louis Sylvester Hughes, Chief Executive Officer (CEO).
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.