Rengo’s wholly-owned subsidiary Nihon Matai Co., Ltd. has acquired an 87.5% of the outstanding shares of Sanyo Kakoshi Co., Ltd. in Japan.

Nihon Matai acquires Sanyo Kakoshi in Japan

Rengo’s wholly-owned subsidiary Nihon Matai Co., Ltd. has acquired an 87.5% of the outstanding shares of Sanyo Kakoshi Co., Ltd. in Japan, as the company says in the press release received by Lesprom Network.

Sanyo Kakoshi manufactures and sells laminated products recently requested an equity investment from Nihon Matai for the purpose of strengthening its management base.

Nihon Matai will strengthen cooperation with Sanyo Kakoshi, and enhance its production capacity in the laminated product field, and bolster new product development.

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