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Sekisui Chemical To Dissolve And Transfer Medical Device Subsidiary

This article was originally published in PharmAsia News

Executive Summary

Sekisui Chemical announced Nov.13 the dissolution of Sekisui Medical Electronics, a medical device manufacturer subsidiary. The company's dental equipment business will be transferred to an employee owned new company. The transfer is viewed as a management and employee buyout. Sekisui Chemical's move is a part of the company's plan to consolidate medical business and concentrate on two areas. One is Sekisui Medical, a diagnostic and testing equipment manufacturing company established this April, and another is a pharmaceutical contract manufacturing business. (Click here for more - Japanese language
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