Kyodo Printing Co., Ltd. completed the acquisition of blow bottle business from Kureha Corporation.
November 01, 2019
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Kyodo Printing Co., Ltd. (TSE:7914) concluded a contract to acquire blow bottle business from Kureha Corporation (TSE:4023) for ¥1.7 billion on July 24, 2019. The consideration will be received in cash. For the year ended December 31, 2018, the business reported sales of ¥1.8 billion and operating profit of ¥108 million. Corporate resolution for the transaction is announced by Kyodo Printing Co., Ltd. and Kureha Corporation on July 24, 2019. Expected effective date of the deal is November 1, 2019. GCA Corporation acted as the financial advisor to Kyodo Printing.
Kyodo Printing Co., Ltd. (TSE:7914) completed the acquisition of blow bottle business from Kureha Corporation (TSE:4023) on November 1, 2019.
Kyodo Printing Co., Ltd. is a Japan-based company primarily engaged in the plate making, printing, bookbinding, as well as other related incidental businesses. The Company operates in three business segments. The Information Communication segment is engaged in periodicals business, books business, general commercial printing and related services. The Information Security segment is engaged in business forms business, securities printing business, cards business and related services. The Living & Industrial Materials segment is engaged in metal printing business, tubes, paper containers business, flexible packaging business and building materials business. The other businesses include logistics business, insurance handling business and real estate management business.
KYODO PRINTING CO., LTD. 
