Battery separator company Entek International completed the acquisition of a Japanese lead-acid battery separator firm.
Entek finalised the purchase of the majority stake in Nippon Sheet Glass’ (NSG) lead-acid battery separator business on 1 September.
The deal was first announced in May when both companies executed the relevant agreements and had to await approval by the laws and regulations in the relevant jurisdictions, including NSG’ home country Japan.
Larry Keith, CEO of Entek International, said the acquisition was an “important milestone” in the growth and evolution of the company’s global business.
The combination of manufacturing footprints and product portfolios will enable Entek to support customers around the world and produce all three primary separator technologies— polyethylene (PE) separator and absorbent glass mat (AGM), and lithium-ion separators— for the global energy storage industry.
The transaction included all NSG’s lead-battery separator manufacturing facilities in Japan and China for both AGM and PE
The investment provides Entek with the capacity and expanded product offerings to meet broader customer demands as well as enabling entry into new markets.
The acquisition is one of many strategic initiatives underway by the US firm, others include the expansion of the Indonesian manufacturing site, investment in specialty films at the Oregon campus, expansion of its equipment division and collaboration and investment at the Britishvolt gigafactory site in the UK.
You can read more about the deal in the latest edition of BEST magazine, available here