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Daicel Corporation and Inabata & Co., Ltd. have entered into a stock purchase agreement and joint venture agreement to establish Novacel Co., Ltd., which will succeed Daicel group's research, development, and sales in resin coloring and compounding. Novacel will commence operations on July 1, 2024.
“Daicel and Inabata have entered into the stock purchase agreement regarding the transfer of 66.7% stake of Novacel, which Daicel will establish to succeed the resin business conducted by Daicel Miraizu Ltd.”daicel.com
Summarized from public sources; check the original articles before acting on it.