Second investment in the U.S. healthcare market – expanding business foundations and pursuing synergy with Quest

ST. PAUL, Minn., May 7, 2025 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) has, through its Group company, Sumitomo Corporation of Americas (collectively "Sumitomo Corporation Group"), acquired ActivStyle, LLC (hereinafter "ActivStyle"), a U.S. provider of home medical supplies for patients with chronic conditions, in May 2025. Prior to this, in April 2025, Sumitomo Corporation increased its stake in Vast Medical Holdings, the parent company of Quest, a provider of home medical equipment, supplies and services for people with diabetes. Moving forward, Sumitomo Corporation Group will pursue business synergy through cross-selling of products and services between ActivStyle and Quest.

Partnership to Support Building a Sustainable Railroad Infrastructure with Composite Railroad Ties Made from Recycled Plastics

NEW YORK, Jan. 21, 2025 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno), through its subsidiary Sumitomo Corporation of Americas (collectively referred to as the "Sumitomo Corporation Group"), has announced a strategic investment in Evertrak, a U.S.-based manufacturer of composite railroad ties (*1) for the North American railroad industry. This partnership aims to reduce environmental impacts and build a more sustainable railroad infrastructure in North America.

TOKYO, Oct. 15, 2024 /PRNewswire/ -- Sumitomo Corporation (Head Office: Chiyoda-ku); Representative Director, President and Chief Executive Officer: Shingo Ueno), through Sumitomo Corporation of Americas (hereinafter referred to as "SCOA") and Perennial Power Holdings, Inc. (hereinafter, Perennial), a subsidiary of SCOA (collectively "SC Group") announced today that it has formed a joint venture with CEP Solar, LLC (Head Office: Richmond, Virginia; Co-Founders: Tyson Utt and Richard Wright; hereinafter, "CEP"), to deliver clean energy projects across the Commonwealth of Virginia. The new investment enables both Perennial and CEP to commercialize its portfolio of solar and battery storage assets which exceeds 1.5 GW, with construction expected to commence starting in late 2025. The company will seek to originate new projects to support one of the fastest growing power markets in the United States.