Acquisition of Saint-Gobain’s Brazilian refractories and U.S. wear-resistant ceramics businesses
First written in FY2022. 6 of 11 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
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- FY2026AdvancedAnnual report
「Through the acquisition of an interest in Dynamix, we aim to further strengthen our business base in the Americas and enhance the presence of our Group.」
We acquired a 51% interest in Dynamix on 19 March 2026 and proceeded to integrate its business base, customer base and technological synergies in the mold flux business in the Americas. - FY2026-H1AdvancedAnnual report
「Although refractory sales volumes declined due to lower domestic crude steel production, continued low customer activity levels overseas and intensifying competition, revenue for the current interim consolidated accounting period rose 16.7% year on year to ¥52,971 million, mainly because the results of Gouda Refractories Group B.V. in the Netherlands, which joined our group in October 2024, contributed.」
Gouda's results contributed to sales in the Refractories segment despite declining sales volumes in Japan and overseas, with segment sales up 16.7% year on year. - FY2025AchievedAnnual report
「At a Board of Directors meeting held on 24 October 2024, the company resolved to acquire all shares of Gouda Refractories Group B.V. and make it a subsidiary, entered into a share transfer agreement on the same date, and acquired all shares.」
The acquisition of all shares of Gouda Refractories Group B.V. was completed, adding production and service bases in Europe and a sales network covering Europe, the Middle East and Africa. The purchase consideration was €144.3 million, and results from October 2024 were consolidated into fourth-quarter results. - FY2024AdvancedAnnual report
「In the Ceramics business, revenue rose 64.2% year on year to ¥3,551 million, mainly due to the contribution from the newly added U.S. wear-resistant ceramics business.」
The U.S. wear-resistant ceramics business acquired from Saint-Gobain contributed to full-year results, and revenue in the Ceramics business rose 64.2% year on year. - FY2024-Q3AdvancedAnnual report
「Regarding the business combinations with SR do Brasil Ltda and Saint-Gobain Ceramics & Plastics, Inc. conducted on 29 December 2022, provisional accounting had been applied during the third quarter consolidated accounting period of the previous fiscal year, but was finalised during the third quarter consolidated accounting period of the current fiscal year.」
Regarding the acquisition of the Brazilian refractories business and U.S. wear-resistant ceramics business, the previously provisional business combination accounting was finalised. Following a review of the purchase price allocation, provisional goodwill of ¥6,256 million decreased by ¥5,136 million to ¥1,119 million. - FY2024-Q2AdvancedAnnual report
「In the Ceramics business, revenue rose 76.0% year on year to ¥1,794 million and segment profit rose 139.1% to ¥127 million, mainly because the results of the newly added U.S. wear-resistant ceramics business contributed.」
The U.S. wear-resistant ceramics business contributed to first-half results after completion of the acquisition, increasing revenue and segment profit in the Ceramics business year on year. - FY2024-Q1AdvancedAnnual report
「In the Ceramics business, revenue rose 83.9% year on year to ¥914 million and segment profit rose 114.5% to ¥58 million, mainly because the results of the newly added U.S. wear-resistant ceramics business contributed.」
The U.S. wear-resistant ceramics business acquired from Saint-Gobain contributed to first-quarter results after completion of the acquisition. - FY2023-Q3AchievedAnnual report
「Business combination date 29 December 2022 (deemed acquisition date: 31 December 2022) Voting rights acquired 100% During the third quarter consolidated accounting period, the consolidated subsidiary Shinagawa Specialty Ceramics Americas LLC acquired a business from Saint-Gobain Ceramics & Plastics, Inc., resulting in a gain on bargain purchase of ¥109 million being recorded in Refractories and Related Products.」
In Brazil, all equity interests in SR do Brasil Ltda were acquired, while in the United States the wear-resistant ceramics business was acquired from Saint-Gobain on 29 December 2022, completing the previously planned business acquisitions. - FY2023-Q2RestatedAnnual report
「Through this business acquisition, the group will be able to establish a leading position in Brazil's rapidly growing refractory market, while in the United States it will enter the global market for wear-resistant ceramics for the first time.」
Regarding the acquisition from Saint-Gobain of the Brazilian refractories business and U.S. wear-resistant ceramics business, it reconfirms the effects of business expansion and market entry. The business combination was scheduled for by the end of 2022 or early 2023, with no statement that the acquisition had been completed. - FY2023-Q1RestatedAnnual report
「Through this business acquisition, the group will be able to establish a leading position in Brazil's rapidly growing refractory market, while in the United States it will enter the global market for wear-resistant ceramics for the first time.」
Regarding the acquisition from Saint-Gobain of the Brazilian refractories business and U.S. wear-resistant ceramics business, it reconfirms the agreement terms and the plan for the business combination date to be by the end of 2022 or early 2023. Acquisition-related expenses of ¥325 million were recorded, but the business acquisition itself had not yet been completed. - FY2022First statedAnnual report
「Through this business acquisition, the group will be able to establish a leading position in Brazil's rapidly growing refractory market, while in the United States it will enter the global market for wear-resistant ceramics for the first time.」
On 12 May 2022, the company entered into an agreement with Saint-Gobain to acquire the Brazilian refractories business and the U.S. wear-resistant ceramics business. The acquisition cost was €65 million for the Brazilian business and €5 million for the U.S. business, with the business combination scheduled to take place by the end of 2022 or early 2023.