January 6, 2023

Mitsui to acquire all shares in Sumitomo Pharma Animal Health Co.

Mitsui & Co., Ltd. has agreed with Sumitomo Pharma Co., Ltd. to acquire all shares in Sumitomo Pharma Animal Health Co., Ltd., a Japanese animal health company, Mitsui announced last month.

Sumitomo Pharma AH leverages its advanced product development capabilities accumulated as a subsidiary of a pharmaceutical manufacturer to develop, manufacture and sell veterinary medicines for companion animals and livestock, especially in Japan.

Mitsui has identified the animal health business as a focus area. It established the Nutrition & Agriculture Business Unit in 2016 and invested in Ceva Santé Animale SA, the world's fifth-ranked animal health company in France, in 2020, and in the Brazilian company Ouro Fino Saúde Animal Participações SA in 2022.

Using Sumitomo Pharma AH as a business base in Japan, Mitsui will accelerate the introduction of foreign products and product and license exporting.

In addition to these activities, Mitsui will also contribute to the growth of the global animal health industry by creating synergies with its wide-ranging business assets, including its animal nutrition business and its global networks.

- Mitsui