Mitsui Chemicals, a Japanese chemicals company, agreed to acquire agrochemical business of Meiji, a Tokyo-based manufacturer of pharmaceutical preparation, for $425m. The deal will see Meiji Seika Pharma’s agrochemicals business portfolio of active ingredients, domestic and international customer base and drug discovery, formulation and natural product technologies integrated with that of Mitsui Chemicals Agro, thereby enabling the Mitsui Chemicals subsidiary to enhance its presence in the Japanese market and speed up its expansion into agrochemical markets overseas, where future growth is anticipated. The move will also help bolster Mitsui Chemicals Agro’s ongoing creation of new active ingredients along with its development of products that meet the needs of the market, promising then to accelerate the fulfillment of Mitsui Chemicals Agro’s growth strategy and, more broadly, Mitsui Chemicals’ Long-Term Business Plan.