Kuraray to acquire Nelumbo.

Kuraray, a Japanese manufacturer of chemicals, fibers and other materials, agreed to acquire Nelumbo, a company with unique materials technology for surface modification. Financial terms were not disclosed. The Kuraray Group has positioned "Innovation Starting with Networking" as one of the three challenges in its medium-term management plan, PASSION 2026, and is working to create new businesses. This technology will enhance and expand to Kuraray's base of polymer chemistry, synthetic chemistry, and related peripheral technologies and provide new value to the market.