005. Sumitomo Forestry will reportedly buy out Toyo Plywood from its parent company, Shoei Shoji and place the company as a subsidiary of Sumitomo Forestry Crest (SFCC), a wholly owned subsidiary of Sumitomo Forestry. Sumitomo Forestry plans to develop a nationwide timber building materials business in Japan using the sales network of it acquisition, Toyo Plywood. With the inclusion of Toyo Plywood sales, SFCC's annual sales will grow to nearly Yen 60 billion.
Sumitomo Crest buys Toyo Plywood
Jun 20, 2005. /Lesprom Network/. Sumitomo Forestry will reportedly buy out Toyo Plywood from its parent company, Shoei Shoji and place the company as a subsidiary of Sumitomo Forestry Crest (SFCC), a wholly owned subsidiary of Sumitomo Forestry. Sumitomo Forestry plans to develop a nationwide timber building materials business in Japan using the sales network of it acquisition, Toyo Plywood. With the inclusion of Toyo Plywood sales, SFCC's annual sales will grow to nearly Yen 60 billion.
