
Unicharm acquires majority stake in Hartz Mountain Corporation – cites puppy training pads as a key area
NEW YORK, NEW YORK , January 6, 2012-
Sumitomo Corporation, Sumitomo Corporation of America (collectively referred to as "Sumitomo Corporation") and Unicharm Corporation closed on December 30, 2011 a joint venture deal that gives Unicharm a significant stake in the common share of The Hartz Mountain Corporation (Hartz), a wholly owned subsidiary of Sumitomo Corporation.
"This new strategic partnership brings together the brand power, deep category expertise and existing market share of Hartz with Unicharm's proprietary technology and high-performing innovation," said Mr. Koichi Isohata, a representative at Sumitomo. "The alliance is intended to grow the Hartz business, maximizing the potential of the U.S. pet care market and ideally build the business globally."
Nonwovens Markets subscribers - click here to read the full article.
Not a subscriber?


Newsletter TODAY!
Subscribe