TOKYO (Reuters) - Japan's Resonac Holdings is seeking acquisitions after reducing its debt and aims to participate when a state-backed fund exits from industry peer JSR, the chip materials maker's CEO said on Wednesday.

"We will go on the offensive from this year," Resonac CEO Hidehito Takahashi told Reuters in an interview.

JSR has indicated its desire to drive consolidation in the industry and was taken private by a state-backed fund last year.

"It's a fund, so there will be an exit eventually," Takahashi said. Resonac wants to be involved in that exit, he added.

(Reporting by Sam Nussey and Ritsuko Shimizu; Editing by Chang-Ran Kim)