Toshiba agrees to sell Toshiba Materials to Niterra

The move aligns well with Toshiba Materials' strengths in material design and technology, indicating potential synergies in terms of technology integration, customer base expansion and enhanced support systems.

Toshiba Corp. has announced its plan to sell its wholly owned subsidiary Toshiba Materials to Niterra, a Japan-based supplier of ceramic products, according to a press release dated Nov. 25. The two companies signed a share transfer agreement with the aim to complete the transfer by May 30, 2025.