Houlihan Lokey Advises Sumitomo Chemical

Houlihan Lokey is pleased to announce that Sumitomo Chemical Co., Ltd. (Sumitomo Chemical) has acquired Asia Union Electronic Chemical Corp. (AUECC).

Sumitomo Chemical has been a global leader in the semiconductor process chemicals business, leveraging its technological expertise developed over many years to deliver high-quality products and a stable supply system. Anticipating future demand growth for semiconductor process chemicals, Sumitomo Chemical has been making capital investments, including establishing a new manufacturing facility in Texas in 2022, and pursuing strategic acquisitions.

Founded in 1998, AUECC is engaged in the development, manufacturing, and marketing of semiconductor process chemicals. AUECC operates manufacturing sites in Kaohsiung, Taiwan, and Nevada, United States, and is renowned for its robust product lineup, advanced quality management systems, and integrated supply solutions, including customized packaging and global logistics. Its reputation as a one-stop solutions provider has earned the trust of top-tier semiconductor manufacturers in both Taiwan and the U.S.

Positioning the semiconductor materials business as a core growth driver, Sumitomo Chemical Group is strategically investing resources to expand its business in this field. Through this acquisition, Sumitomo Chemical will further expand its global supply network and enhance its ability to deliver comprehensive solutions to customers worldwide. This acquisition underlines its commitment to securing long-term leadership in the semiconductor process chemicals business and achieving the target of doubling FY 2024 sales by FY 2030.

Houlihan Lokey served as the exclusive financial advisor to Sumitomo Chemical. This is the fourth transaction for Sumitomo Chemical on which Houlihan Lokey has acted as exclusive financial advisor, highlighting the firm’s U.S.-Japan cross-border execution excellence and further enhancing its credentials in the electronic chemicals sector.

RELATED: Chemicals, Mergers & Acquisitions