Sojitz to acquire Nippon A&L from Sumitomo Chemical Company and Mitsui Chemicals.

Sojitz, a general trading company, agreed to acquire Nippon A&L, a Japanese company that manufactures and sells synthetic rubber latex and resins, from Sumitomo Chemical, a diversified chemical company, and Mitsui Chemicals, a Japanese chemicals company. Financial terms were not disclosed. "As a result, Sumitomo Chemical has reached the decision to make a partial transfer of shares held in Nippon A&L to Sojitz. Sojitz has a history of handling LiB products, including Nippon A&L products, from the early days of the LiB industry. Sojitz has demonstrated business knowledge and experience coupled with an active interest in strengthening the latex businesses, and Sojitz is expected to leverage its management resources and expertise in order to contribute to raising Nippon A&L’s corporate value further," Sojitz statement.