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| November 26, 2015 |
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Regarding Acquisition of Shares in Eisai Food & Chemical
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Mitsubishi Chemical Corporation
Mitsubishi-Kagaku Foods Corporation
Mitsubishi Chemical Corporation (MCC; Head office: Chiyoda-ku, Tokyo; President: Hiroaki Ishizuka) and Mitsubishi-Kagaku Foods Corporation (MFC; Head office: Chiyoda-ku, Tokyo; President: Chitaka Suzuki) announced today that MFC entered into a stock purchase agreement with Eisai Co., Ltd. (Eisai; Head office: Chuo-ku, Tokyo; Representative Corporate Officer & CEO: Haruo Naito) to acquire all the shares of Eisai Food & Chemical Co., Ltd. (EFC; Head office: Chuo-ku, Tokyo; President: Hiroaki Ike) currently held by Eisai. Transfer date of the shares is scheduled for February 1, 2016.
Established in April 2004, EFC is a wholly owned subsidiary of Eisai and is engaged in the development, marketing, and export of pharmaceutical and cosmetic raw materials, food ingredients and food additives, supplements, and nutrition products. Exemplified by its mainstay vitamin E products for health food and antioxidants, and the lysozyme formulation used in improving food shelf life, EFC has developed high-quality products supported by scientific evidence in each of its lines of business, and distributed them to customers in over 30 countries under its corporate philosophy of “aiming to be a company that can continuously contribute to people’s health and safe dietary lifestyles.”
MFC is a wholly owned subsidiary of MCC and is a core company in food ingredients businesses for the MCC Group. With the slogan: “tasty, healthy, and convenient”, MFC develops and markets various functional food ingredients worldwide including food emulsifiers: sugar esters, calorie-free sweetener: erythritol, enzyme preparations, lactic acid bacteria, and shelf life improving agent.
By acquiring all the shares in EFC, MFC becomes the largest domestic producer of food emulsifiers and antioxidants (vitamin E). Integrating the technologies and expertise of both companies will enable MFC propose new solutions for issues faced by foodstuffs producers, such as control of food texture, prevention of taste deterioration, control of micro-organisms, and so on. As a result, MFC will be able to provide a wide range of products and services as well as further advanced solutions not only in MFC specialties, processed food products, but also in the burgeoning markets including supplements and nutrition products, as well as home-meal replacement where EFC’s presence is already well known and future growth is expected. MCC and MFC expect that the agreement will lead to further business growth at MFC and EFC.
Furthermore, MCC and MFC, making the most of the opportunity to acquire EFC’s shares, will work with an integration of MFC and EFC technologies to develop new products, and take advantage of the Mitsubishi Chemical Holdings Group’s resources to move into overseas markets, moving decisively into sustainable growth and development of food ingredients businesses.
For further information, please contact:
Public Relations and Investor Relations Office
Mitsubishi Chemical Holdings Corporation
Tel: [+81] (0)3-6748-7140
Outline of companies
Eisai Food & Chemical Co., Ltd.
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Head office: |
13-10 Nihonbashi 2-chome, Chuo-ku, Tokyo |
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Representative: |
Hiroaki Ike, Representative Director & President |
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Capital: |
101 million yen |
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Date established: |
April 1, 2004 |
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Number of employees: |
63 (as of October 1, 2015) |
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Scope of business: |
Development, marketing and export of pharmaceutical and cosmetic raw materials, food ingredients and food additives, supplements, and nutrition products |
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Net sales: |
9,005 million yen (fiscal 2014) |
Mitsubishi-Kagaku Foods Corporation
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Head office: |
1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo |
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Representative: |
Chitaka Suzuki, Representative Director & President |
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Captal: |
500 million yen |
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Date established: |
January 6, 1982 |
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Number of employees: |
107 (as of October 1, 2015) |
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Scope of business: |
Development and sale of food emulsifiers, polysaccharide, erythritol, enzyme preparations, lactic acid bacteria, and shelf life improving agent, etc. |
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Net sales: |
17.8 billion yen (fiscal 2014) |
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