Sumitomo chemical and valent biosciences announce divestiture of pace international and future collaboration with agrofresh solutions in the postharvest solutions space

Libertyville, ill.--(business wire)--sumitomo chemical co., ltd. and valent biosciences llc announced today that pace international llc (pace) and its operations overseas will become part of agrofresh solutions, inc., a well-established leader in the postharvest solutions space. the decision to divest the pace international business unit is part of sumitomo chemical's strategic realignment efforts. sumitomo chemical and valent biosciences also plan to develop a strategic research collaboration.
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