Chubu Shiryo Co., Ltd. completed the acquisition of 51% stake in Mirai Feed Co., Ltd. from Itochu Feed Mills Co., Ltd.
December 31, 2015
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Chubu Shiryo Co., Ltd. (TSE:2053) signed a contract to acquire 51% stake in Mirai Feed Co., Ltd. from Itochu Feed Mills Co., Ltd. for approximately ¥600 million on July 31, 2015. Under the terms of the transaction, Chubu Shiryo will acquire 1,020 shares of Mirai Feed Co., Ltd. The transaction was resolved by the Board of Directors of Chubu Shiryo. The transaction is expected to complete on October 1, 2015.
Chubu Shiryo Co., Ltd. (TSE:2053) completed the acquisition of 51% stake in Mirai Feed Co., Ltd. from Itochu Feed Mills Co., Ltd. in 2015
CHUBUSHIRYO CO., LTD. is a Japan-based company mainly engaged in the fodder business. The Company operates in two business segments. The Fodder segment is engaged in the manufacture and sale of livestock feed products. The Consumer and Products segment is involved in the commissioned production, purchase and sale of animal products, as well as the manufacture and sale of pet food. The others business is engaged in the leasing of real estate properties of old factory site, the manufacture and sale of formula fertilizers, the processing and sale of animal products, the development, purchase and sale of livestock equipment, as well as non-life insurance agency business and other businesses.