• SHARE

Daicel Chemical Industries Ltd. and Nippon Synthetic Chemical Industry Co. said Tuesday they will pay a combined $23.2 million as part of an out-of-court settlement of a U.S. antitrust lawsuit launched against them over their sales of sorbic acid.

Daicel will pay $16 million and Nippon Synthetic will pay $7.2 million to U.S. food firms that accused them of price-fixing, the two firms said in separate statements.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW