Daikin Agrees to Acquire Heroflon for Fluoropolymers Business Expansion
Daikin has recently agreed to acquire Heroflon S.p.A., an Italian manufacturer of fluoropolymer compounds. Daikin will obtain all company shares owned by the Heroflon Executive Officers with finalization of the acquisition planned for the end of October 2017 after completion of all necessary procedures. Heroflon is a compound manufacturer that produces high-performance fluoropolymers by combining various materials. Its product lineup includes fluoropolymer compounds and micro-powders centering on polytetrafluoroethylene (PTFE). PTFE is a highly functional and high value-added fluoropolymer used in a wide range of fields including: Automotive Construction Electrical power Chemical industries Accelerating Product Development Daikin supplies various kinds of fluoropolymers such as PTFE to processing companies including compounders. With this acquisition, Daikin fully enters the compound business for fluoropolymers and will utilize its global network to expand sal