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Business deals

Sekisui Chemical to buy US aircraft component maker for $510m

Japanese company's largest-ever acquisition will help it grow in aerospace industry

Demand for carbon fiber composite parts is on the rise in the aerospace industry.

TOKYO -- Japanese chemical maker Sekisui Chemical will acquire U.S.-based aerospace component producer AIM Aerospace for $510 million, the company announced on Monday.

The deal, the largest acquisition the Japanese company has ever made, is targeted at helping it expand its presence in the aircraft market using AIM's compounding technology for carbon fiber composites. It also seeks to enhance its sales of thermoplastic resin materials for aircraft components, leveraging AIM's sales channels. 

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