Hisaka Works, Ltd. agreed to acquire 94.39% stake in Komatsugawa Chemical Engineering Co., Ltd from group of sellers.
February 13, 2019
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Hisaka Works, Ltd. (TSE:6247) agreed to acquire 94.39% stake in Komatsugawa Chemical Engineering Co., Ltd from group of sellers on December 14, 2018. Hisaka Works, Ltd. concluded a contract with group of sellers on December 25, 2018. Post-acquisition, Komatsugawa Chemical Engineering will become a subsidiary of Hisaka Works. Komatsugawa Chemical Engineering reported total assets of ¥1.8 billion, net assets of ¥1.5 billion, sales of ¥1.4 billion, operating loss of ¥26 million and net income of ¥5 million for the year ended June 2018. The transaction has been resolved by the Board of Directors of Hisaka Works at the meeting held on December 14, 2018. The transaction is expected to be completed by April 3, 2019.
HISAKA WORKS, LTD. is a Japan-based company engaged in the manufacture and sale of Plate-type heat exchanger (PHE), brazing plate-type heat exchanger (BHE), retort cooking sterilizer, sterile rice production plant, medical sterilizer, high temperature dyeing machine, supercritical technology utilization device, ball valve, sanitary valve products. The Company operates through three business segments. The Heat Exchanger segment is engaged in the manufacture and sale of plate-type heat exchangers that heat and cool fluids. The Process Engineering segment is engaged in manufacture and sale of sterilizers such as retort foods, sterilizers for pharmaceuticals and finishing equipment for textiles. The Valve segment is engaged in manufacture and sale of ball valves used to control various fluids. In addition, the Company is also engaged in operation of sanitary valves, dairy products and pharmaceuticals, conductivity sensors, as well as plant construction and power generation businesses.
HISAKA WORKS, LTD. 
