Fuso Chemical Co. Ltd. agreed to acquire organic acid business from Mitsui Chemicals, Inc. for ¥1 billion.

FUSO CHEMICAL CO., LTD. is a Japan-based company mainly engaged in the life science business and the electronic material business. It operates through two business segments. The Life Science segment manufactures and sells fruit acids, including apple acids, gluconic acid and citric acids, as well as application development products, which are used in quality improvers for noodle products, preservation for processed foods and laver cultivation, total sanitation of food manufacturers and the improving of metal processing. The Electronic Material and Functional Chemical segment provides electronic materials, including high-purity spherical silica; functional chemicals, including plastic, paint additives and resin additives, as well as fine chemicals. It is also involves in organic acid business.