On December 30, Sumitomo Corporation and Unicharm Corporation closed on a joint venture deal that includes an acquisition by Unicharm of a significant stake in the common share of The Hartz Mountain Corporation, 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.