MRC to acquire Aldila, Inc (U.S.)

Mitsubishi Rayon Co., Ltd. (HQ: Chiyoda-ku, Tokyo, President: Hitoshi Ochi ) (“MRC”) had entered into a merger agreement by which MRC will acquire U.S. based Aldila, Inc. (“Aldila”), with aims to strengthen and expand graphite golf shafts and carbon fiber intermediate materials businesses globally. Subject to stockholders' resolution obtained at the stockholders’ meeting scheduled at end of December as well as approvals by appropriate authorities required in the U.S. , a U.S. subsidiary formed by MRC (“SPC”) and Aldila will merge with Aldila as the surviving company, and Aldila will become 100 percent subsidiary of MRC.

Established in 1972, as a pioneer of graphite golf shafts, Aldila is one of the most recognized brand manufacturers in the U.S., the world’s largest golf market. By integrated manufacturing of intermediate materials (“Prepreg”), it maintains its high competency in areas of designing capabilities, quality performance, as well as cost efficiency.

On the other hand, since launch of golf shaft development in 1976 as a part of the carbon fiber composite materials business, MRC has continued to provide high quality products to the market based on material development capabilities which extends back to carbon fiber, and advanced product processing and quality control technologies. MRC has gained the position of branded shafts manufacturer represented by Diamana. The quality standards of MRC have support from many of the top golf players.

Source: Mitsubishi Rayon