Mitsui Chemicals acquires Cotec

Mitsui Chemicals, Inc. announced that group company SDC Technologies, Inc. has acquired Cotec, an established innovator in the development and manufacture of high quality PVD (physical vapor deposition) and MLD (molecular layer deposition) materials for hydrophobic, oleophobic and anti-reflective coatings in the ophthalmic, precision optics, automotive and display markets. Cotec became a wholly owned subsidiary of SDC on October 1, 2020.

“We are proud to partner with Cotec to broaden our range of liquid hard coatings,” said Antonios Grigoriou, CEO and President of SDC. The synergy of these two companies is a perfect fit, delivering a larger range of coating products across ophthalmic, automotive displays and camera lenses, precision optics and aerospace. This unique strategic integration of coating technologies allows us to support the ophthalmic market as a total solution lens fabricator whilst also expanding into new markets.

“Cotec is a well-known innovative company for thin film coating technologies. Our expertise in the fields of vacuum coating, evaporation chemicals and nanotechnology, in combination with the most advanced development and production processes has made us a globally recognized supplier and partner for research and development”, explained Michael Fliedner, founder and CEO of Cotec. “We are honored to incorporate this knowhow into the SDC organization. Through the partnership with SDC the expertise of both companies in polymer chemistry and thin film coating technology is being combined. This will strengthen the innovative power of both companies and enable SDC and Cotec to offer customers even more innovative products as a full-service provider. With the acquisition by SDC, Cotec will gain access to the worldwide network of SDC for further global growth.  SDC’s existing distribution channels and application facilities will enable Cotec to strengthen its presence in Asia and the Americas.”