Mitsubishi Chemical Advanced Materials Acquires c-m-p GmbH

Lenzburg, Switzerland (ots/PRNewswire) - Mitsubishi Chemical Advanced Materials
AG (MCAM), a leading global manufacturer of high-performance materials, today
announced that it has entered into an agreement for the acquisition of c-m-p
GmbH (c-m-p) through its German subsidiary Mitsubishi Chemical Advanced
Materials GmbH. The transaction is expected to close in early March 2020.

With the addition of c-m-p, both companies can further strengthen their market
position in the composites world, as well as developing future composite
materials. The acquired entity had been a 50:50 partnership between the original
founders of c-m-p GmbH and DowAksa B.V. Through this acquisition, MCAM acquires
100% of the shares of c-m-p.

"Within Mitsubishi Chemical Advanced Materials (MCAM), the acquisition enhances
our ability to produce prepreg solutions for customers in Europe, a further step
in our mission of metal to plastic conversion which began more than 80 years
ago," says Michael Koch, CEO Mitsubishi Chemical Advanced Materials. "MCAM, a
fully owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan),
identified c-m-p GmbH (c-m-p) as a leader in its areas of expertise and plans to
preserve and enlarge c-m-p's unique market identity. Strategic corporate
development activities, such as the c-m-p acquisition, contribute to MCAM's
ability to grow rapidly and consistently while maintaining quality and
innovation."

Following the acquisition, c-m-p can benefit from Mitsubishi Chemical's
world-wide network of industry partners, customer relationships and technology
developments, while bringing new technologies, specialized skills and market
expertise into the group. Through the Mitsubishi Chemical network, new materials
and applications will be further developed for the aviation industry, as well as
automotive, sports equipment and utility services. With the acquisition of
c-m-p, Mitsubishi Chemical will become capable of producing prepreg materials
(resin-coated carbon fabric) in Europe, in addition to Mitsubishi Chemical's
capabilities in Asia and USA.

"On behalf of my co-founding shareholders, Michael Juerissen and Dr. Jan
Verdenhalven, I welcome Mitsubishi Chemical Advanced Materials (MCAM) as the new
owner," says Rolf Dothagen, Managing Director c-m-p GmbH (c-m-p). "Becoming an
important part of the large global network of Mitsubishi Chemical will allow to
develop c-m-p to the next level becoming an even stronger technical and
commercial prepreg partner to its customers."

"DowAksa is proud of being part of the c-m-p GmbH history and growth story,"
says Douglas Parks, CEO DowAksa. "This announcement marks another important step