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.

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