Ishizuka Glass Co., Ltd. completed the acquisition of Narumi Corporation from CITIC Japan Partners, L.P. managed by CITIC Capital Partners, CITIC Japan Growth Partners, L.P and 10 individuals.
December 31, 2015 at 09:30 am IST
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Ishizuka Glass Co., Ltd. (TSE:5204) agreed to acquire Narumi Corporation from CITIC Japan Partners, L.P. managed by CITIC Capital Partners, CITIC Japan Growth Partners, L.P and 10 individuals for ¥4.3 billion on December 17, 2014. Under the terms, Ishizuka Glass will acquire 5.1 million shares of Narumi Corporation for ¥4.4 billion, which includes advisory fee of ¥55 million. For the period ending March 31, 2014, total assets of ¥14.97 billion, net assets of ¥6.5 billion, net sales of ¥10.6 billion and net income of ¥410 million. The transaction is expected to close on January 9, 2015. CITIC Japan Partners, L.P. managed by CITIC Capital Partners exited from Narumi effective January 5, 2014.
Ishizuka Glass Co., Ltd. (TSE:5204) completed the acquisition of Narumi Corporation from CITIC Japan Partners, L.P. managed by CITIC Capital Partners, CITIC Japan Growth Partners, L.P and 10 individuals in 2015.
ISHIZUKA GLASS CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of glass container-related products, houseware-related products, paper container-related products, plastic containers-related products, industrial equipment related products and others. The Glass Bottles-related segment manufactures and sells glass containers. Houseware-related segment manufactures and sells glass and ceramics dishes. The Paper Containers-related segment manufactures and sells paper containers and related filling machines. The Plastic Containers-related segment manufactures and sells preform for PET bottle. The Industrial Equipment-related business manufactures and sells heating and cooking utensils, such as top plate. The Others segment manufactures and sells ceramics products and metal caps.
Ishizuka Glass Co., Ltd. completed the acquisition of Narumi Corporation from CITIC Japan Partners, L.P. managed by CITIC Capital Partners, CITIC Japan Growth Partners, L.P and 10 individuals.