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Mitsui Chemicals' US Unit to Establish Holding Company Before Ultradent Products Acquisition

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Mitsui Chemicals' (TYO:4183) wholly owned subsidiary Mitsui Chemicals America will establish a U.S. holding company in July to support its planned acquisition of Ultradent Products, according to a Tokyo bourse filing on Tuesday.

The holding company, called MC Dental Holdings America, will acquire and manage Ultradent Products' shares and business assets and lead post-merger integration after the transaction is executed, the filing said.

MC Dental Holdings America will also be designated as a specified subsidiary of Mitsui Chemicals.

Shares of Mitsui Chemicals rose nearly 4% at market close.

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