In a statement, Apollo Global Management, a U.S. private equity firm said, funds managed by its affiliates have entered a deal to acquire Thermal and Emission Control Materials business from Japan’s advanced materials producer Mitsubishi Chemical Corporation.

The deal, which is expected to close by March 2022, marks Apollo’s second private equity fund investment in Japan.

Apollo Global Management did not disclose financial details.

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Tags: acquire, acquisition, advanced materials producer, affiliates, Apollo Global Management, financial details, M&A, merger, Mitsubishi Chemical Corporation, private equity, Thermal and Emission Control Materials, U.S., US