Resonac’s predecessor acquired and integrated Hitachi Chemical for approximately ¥964 billion and is advancing the restructuring of its petrochemicals operations. The focus will be on its future M&A strategy and the development of a growth platform in semiconductor materials.
Resonac Holdings was formed under its current structure after its predecessor, Showa Denko, acquired Hitachi Chemical for approximately ¥964 billion and integrated it in 2020. The acquisition marked a turning point, accelerating the restructuring of the petrochemicals business and the expansion into new business areas.
In 2023, Showa Denko and Showa Denko Materials, formerly Hitachi Chemical, were integrated, and Resonac reorganized them under a single holding company. In recent years, it has also been streamlining its business portfolio through measures including the separation of its petrochemicals business and the partial transfer of its adhesives business.
Attention is focused on how the large-scale acquisition that created a growth platform in semiconductor materials should be assessed and where future M&A will be directed. The company is expected to continue concentrating resources on growth areas under a policy centered on selection and concentration.