Marumae (TYO:6264) plans to acquire 100% of KM Aluminium through a special purpose company, aiming to strengthen its position in the semiconductor sector, according to a Tuesday filing on the Tokyo Stock Exchange.
The deal, approved by Marumae's board on March 4, involves purchasing shares from Japan Industrial Partners and other funds.
KM Aluminium, based in Fukuoka, produces ultra-high purity aluminum products used in semiconductor sputtering targets and other applications.
Price (JPY): $1387.00, Change: $-40, Percent Change: -2.80%
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