Hi-Lex agreed to acquire Mitsui Kinzoku ACT from Mitsui Mining & Smelting for JPY11.3b.

Hi-Lex, a Japanese corporation specializing in the manufacture and sale of remote-controlling mechanical cables and accessories for two-and four-wheel vehicles, agreed to acquire Mitsui Kinzoku ACT, an automotive equipment manufacturer, from Mitsui Mining & Smelting, a Japanese diversified manufacturer and distributor of functional engineered materials and non-ferrous metals, for JPY11.3b