Nippon Dry-Chemical Co., Ltd. cancelled the acquisition of unknown majority stake in Koushin Plant Kougyo Co., Ltd.
October 29, 2019
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Nippon Dry-Chemical Co., Ltd. (TSE:1909) agreed to acquire unknown majority stake in Koushin Plant Kougyo Co., Ltd on October 29, 2018. Post-acquisition, Koushin Plant Kougyo will become a subsidiary of Nippon Dry-Chemical. The transaction has been resolved by the Board of Directors of Nippon Dry-Chemical at the meeting held on October 29, 2018. The transaction is expected to be completed by November 1, 2018.
Nippon Dry-Chemical Co., Ltd. (TSE:1909) cancelled the acquisition of unknown majority stake in Koushin Plant Kougyo Co., Ltd on October 29, 2019.
Nippon Dry-Chemical CO., LTD. is engaged in the fire prevention business. The Company consists of four business segments. The Fire Prevention Equipment segment is engaged in the design and construction of fire prevention equipment for buildings, plants and vessels. It also manufactures various containers for fire prevention equipment. The Maintenance segment provides maintenance, inspection, repair and alteration work for various fire prevention equipment. The Products segment manufactures fire extinguishers, purchases a range of supplies, and sells through sales agents. The Vehicles segment manufactures customized fire trucks, and sells primarily to local governments.