Japan-US Business Report LogoJapan-U.S. Business Report

No. 348, September 1998

Issue Index

Japanese Companies in the US


PRECISION AND MEDICAL EQUIPMENT

MITSUBISHI CHEMICAL CORP. continues to shed or reorganize unprofitable U.S. manufacturing operations acquired as part of a late 1980s' diversification strategy (see Japan-U.S. Business Report No. 347, August 1998, p. 3 and p. 5). Its latest move is the sale of SERADYN, INC., a maker of infectious disease diagnostic reagents and test kits as well as uniform latex particles used in the production of diagnostic reagents, to ALEXON- TREND, INC. for a reported $6.9 million. MCC acquired the Indianapolis, Indiana supplier in 1989. The 125-employee company has sales of about $12 million a year, but it has been unable to break out of the red. New Brighton, Minnesota-based Alexon-Trend, which is in the same business as Seradyn, is a SYBRON INTERNATIONAL CORP. company.

An exchange rate of ¥145=$1.00 was used in this report.
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