Asahi Kasei $2.7 billion acquisition of Polypore

Overview:

• Asahi Kasei, a Japanese chemicals company, acquired Polypore, a Charlotte, North Carolina-based microporous membranes company, for $2.7 billion. 
• At the same time, Asahi Kasei agreed to sell Polypore’s Separations Media business to 3M company, a Maplewood, Minnesota-based conglomerate for $1 billion. 
• BofA Merrill Lynch acted as Polypore's financial adviser. 
• Mitsubishi UFJ Morgan Stanley Securities acted as Asahi Kasei's financial adviser.
• Centerview Partner acted as 3M's financial adviser. 

Rani Mehta - Journalist