Kuraray Co., Ltd.

Kuraray Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Hitoshi Kawahara; hereinafter “Kuraray” or the “Company”) hereby announces its decision to divest operations related to UV-based water treatment and ballast water treatment run by Calgon Carbon Corporation (hereinafter “Calgon Carbon”), a Group subsidiary based in the United States. The divested operations will be transferred to De Nora Water Technologies LLC (hereinafter “De Nora”) in Italy.

1.Objectives and Overview of Business Transfer

Acquired by Kuraray in 2018, Calgon Carbon is currently the world’s largest activated carbon manufacturer, boasting a diverse lineup of activated carbon products ranging from bituminous coal-based carbon and wooden carbon to palm shell-based carbon. Employing these offerings, Calgon Carbon is striving to expand its activated carbon-related operations that encompass a breadth of applications, including water and air purification, as well as other environmental solution fields. As a result of the review of Calgon Carbon’s business portfolio, the Kuraray Group has decided to transfer its UV- and ballast-related operations to De Nora, a leading company in these fields. Calgon Carbon and De Nora have thus agreed on the business transfer and signed a basic agreement with regard to the matter. The date of the business transfer is scheduled for end of June 2021.

2.Outline of the Transferrer Company and the Transferee Company 

The Transferrer Company

Company name Calgon Carbon Corporation
Headquarters Pittsburgh, Pennsylvania, the United States
Representative Stevan R. Schott, CEO
Establishment 1942 (acquired by Kuraray in March 2018)
Capital stock US$618,000 (with 100% equity held by Kuraray Holdings U.S.A., Inc.)
Main business Manufacture and sale of activated carbon and water treatment equipment

The Transferee Company

Company name De Nora Water Technologies LLC
Headquarters Milan, Italy
Representative Dr. Mirka Wilderer, CEO
Establishment 1923
Main business Electrode- and water treatment-related operations