Rengo, a Japanese paper company, announced that its board of directors had decided to acquire 50% of the shares issued by kinyosha printing, a Japanese printing paper company, making kinyosha printing a subsidiary of Rengo. In addition, Rengo’s wholly-owned subsidiary, howa Sangyo Co., Ltd., will also acquire 20% of the shares issued by kinyosha printing, making Rengo group’s total investment ratio reach 70%. It is reported that Rengo’s stock acquisition plan for kinyosha printing will be completed in March 2021.
Kinyosha printing has a printing and manufacturing base for offset printing and digital printing media packaging products in Japan. It has a large market share in the domestic market of Japan. It has three factories with assets of 100 million yen, net sales of about 8 billion yen and 288 employees. In addition, he is also engaged in the use of environmentally friendly water-based flexographic printing to produce and sell flexible packaging products such as food packaging and beverage labels.
Post time: Mar-19-2021