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Sumitomo Expands Global Cosmetic Business with Launch of Joint Venture with Leading Brazilian Cosmetic Ingredient Distribution Company, Cosmotec

March 07, 2013

NEW YORK, NEW YORK, MARCH 7th, 2013 --- Positioning themselves as a major player in the global cosmetic business market, Sumitomo Corporation, Sumitomo Corporation of America and Sumitomo Corporation do Brasil S.A. (hereinafter collectively referred to as “Sumitomo Corporation Group”) have entered an agreement to form a joint cosmetic ingredient distribution business with a leading major supplier of cosmetic ingredients and pet supplies in Brazil, COSMOTEC ESPECIALIDADES QUÍMICAS LTDA (hereinafter, “Cosmotec”). Cosmotec will spin off its Cosmetic ingredient distribution business into a separate company, in which Sumitomo Corporation Group will be an investor.

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