Jinan Acetate Chemical to Acquire Cerdia for $368 Million

Jinan Acetate Chemical (4763.TW) announced at its Q3 2026 earnings call on November 6, 2026, its plan to acquire 100% of global acetate fiber giant Cerdia for approximately $368 million. The deal comprises roughly $214 million in cash and 109,295 thousand newly issued shares, with Cerdia's existing shareholders holding about 9.95% of Jinan Acetate Chemical upon completion. This acquisition is expected to make Jinan Acetate Chemical a global acetate fiber giant with combined pro forma revenue of approximately $1 billion and an EBITDA margin of 39%.