AGC is acquiring the global operations of the ADD and a portion of industrial composite film business from Taconic to expand its footprint as a manufacturer and supplier of high-performance materials and solutions in the next-generation high-speed communications markets.

Under its AGC plus management policy, the AGC Group has made a commitment to positioning mobility related business, electronics-related business and life science related business as its strategic initiatives. By the acquisition of Taconic’s business, AGC will reinforce its mobility related business and electronics-related business. AGC believes that the acquisition of Park Electrochemical’s electronics business completed December last year and the acquisition of Taconic’s businesses this time will help establish its business platform in the high-end rigid CCL market, which is expected to grow significantly with the spread of 5G and autonomous driving in the years ahead. AGC also is committed to addressing broader customer needs by combining its fluorine and glass materials with the industrial composite films, technologies and know-how of Taconic.

Company Overview of Taconic

・Representative	Andrew Gordon Russell
・Year established	1961
・Headquarters	New York, US
・Number of employees	Approx. 730 (as of Feb. 2019)
・Main lines of business	Manufacture and sale of high-end prepreg/rigid CCL, and industrial composite films