Sumitomo ups McLaughlin stake

Kyodo

Sumitomo Chemical Ltd. said Tuesday it has bolstered its equity stake in McLaughlin Gormley King Co., a U.S. insecticide maker and sales company, to 76.36 percent from 32.88 percent, turning the company into a subsidiary.

McLaughlin, serving both household and corporate customers, uses active ingredients manufactured by Sumitomo Chemical in its insecticide products.