Japan’s KITZ Corp buys Horizon Polymer Engineering

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Japan’s KITZ Corp buys Horizon Polymer Engineering

Japan’s KITZ Corp buys Horizon Polymer Engineering

Industry News
Oct 28,25

The Gandhinagar based Horizon Polymer Engineering manufactures and sells fluoropolymer-lined products, such as pipes, fittings, valves, tanks and vessels, mainly for the fine chemicals market.

Japan’s KITZ Corp buys Horizon Polymer Engineering

Micro Pneumatics Pvt Ltd, a group company of Japan-based KITZ Corporation, has entered into a share purchase agreement with the Gandhinagar (Gujarat) based Horizon Polymer Engineering Private Limited (HPE) on October 16, 2025, with the aim of expanding its business in the fine chemicals market in India. The transfer of shares is scheduled to take place from January 2026 onward.

HPE manufactures and sells fluoropolymer-lined products, such as pipes, fittings, valves, tanks and vessels, mainly for the fine chemicals market. With multiple manufacturing units and sales locations, HPE has built a customer-focused sales network and a flexible production system capable of responding quickly and accurately to customer needs.

Under KITZ Corporation’s 1st Medium-term Plan 2024 (announced in February 2022), KITZ has positioned the fine chemicals market as one of its key growth markets and has since actively worked to expand its business in this area. The subsequent 2nd Medium-term Plan, “SHIN GLOBAL 2027” (announced in February 2025), identifies India as a key strategic region, with a particular focus on expanding the fine chemicals market. Under this plan, Yen 20 billion of the total Yen 58 billion investment budget over three years has been allocated for M&A activities to accelerate growth through proactive investment. The acquisition of HPE represents a concrete initiative aligned with this strategy and marks a significant step toward strengthening KITZ Corporation’s presence in this high-growth market. Established in 1981, Horizon Polymer Engineering has turnover of about Rs 19.20 million (approximately Yen 32 million).

“Through this acquisition, we aim to further enhance our product lineup in the fine chemicals market and secure a stronger foothold in the Indian market. Furthermore, in collaboration with Micro, which already operates in the same market, we expect to strengthen both our product portfolio and customer base. We will continue to strengthen our competitiveness in the global market and strive for sustainable growth, in pursuit of achieving our medium-term plan and long-term vision,” stated KITZ Corporation in a press release.

In connection with this transaction, Mizuho Securities India Pvt Ltd acted as KITZ Corp’s financial advisor, and Shardul Amarchand Mangaldas & Co provided legal advisory services.