Asahi Kasei to acquire a 40% stake in McDonald Jones Homes.

Asahi Kasei, a multinational Japanese chemical company, agreed to acquire a 40% stake in McDonald Jones Homes, a provider of home building services. Financial terms were not disclosed. Asahi Kasei Homes has identified the overseas business as a pillar of new business in its current medium-term business plan, and is focused on developing its operations in Australia and North America.