Nippon Chemical Industrial Co. Ltd. (TSE:4092) entered into an agreement to acquire chromium salt business from Nippon Denko Co. Ltd. (TSE:5563) on November 18, 2011. Chromium salt business reported revenues of ¥2.9 billion in 2010. The Board of Directors of Nippon Chemical Industrial passed a resolution for the transaction on November 18, 2011 and the transaction is expected to be completed by the end of December 2012.

Nippon Chemical Industrial Co. Ltd. (TSE:4092) completed the acquisition of chromium salt business from Nippon Denko Co. Ltd. (TSE:5563) on December 31, 2012.