DC Advisory advises SHINAGAWA REFRA on its acquisition of a 51% ownership interest in Dynamix Casting Fluxes, LLC

Background

• SHINAGAWA REFRA CO., LTD. (SHINAGAWA) is a global leader in the design, manufacturing, and supply, of advanced refractory and insulation solutions
• Headquartered in Huntingdon, Tennessee, Dynamic Casting Fluxes, LLC (Dynamix) is a U.S.-based manufacturer and supplier of high-quality mold flux products for the steel continuous casting process
• Dynamix is a founder-owned business with advanced technological capabilities and a strong customer base throughout North America

Process

• SHINAGAWA engaged DC Advisory to assist in the transaction process arising from its strategic interest in acquiring Dynamix
• DC Advisory exclusively advised SHINAGAWA and led commercial negotiations and discussions with Dynamix, supporting on structuring considerations, process tactics, and value discussions, and was able to deliver a successful outcome for SHINAGAWA
• The DC Advisory team leveraged its extensive experience in Asia-US cross-border transactions and deep sector knowledge to assist SHINAGAWA throughout the process

Outcome

• On 22 January 2026, a subsidiary of SHINAGAWA entered into a definitive membership interest purchase agreement to acquire 51% of the interests of Dynamix
• The closing of this transaction is subject to customary closing conditions
•  The acquisition of Dynamix aims to strengthen and expand the North American operations for SHINAGAWA
• The transaction illustrates DC Advisory’s expertise in the Industrials sector and highlights the differentiated capabilities in advising on Asia-US cross-border transactions