Brass Corporation (TSE:2424) agreed to acquire Villa Effe from B-Line Co., Ltd. on February 16, 2017. Under the terms all fixed assets will be acquired and all employees of Villa Effe will be succeeded after the acquisition. The Board of Directors of Brass Corporation passed a resolution for the deal on February 16, 2017. A contract is expected to be entered on March 31, 2017 and the deal is expected to close on July 1, 2017. Brass Corporation (TSE:2424) cancelled the acquisition of Villa Effe from B-Line Co., Ltd. on February 16, 2018.