Takamisawa Co., Ltd. agreed to acquire remaining 33.4% stake in JONEN Corporation from Showa Shell Sekiyu K.K..
March 05, 2018
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Takamisawa Co., Ltd. (JASDAQ:5283) agreed to acquire remaining 33.4% stake in JONEN Corporation from Showa Shell Sekiyu K.K. (TSE:5002) on March 5, 2018. Takamisawa will acquire remaining 6,680 shares and on completion, JONEN will operate as a wholly-owned subsidiary of Takamisawa. The deal is expected to close on April 3, 2018.
TAKAMISAWA CO., LTD. is a manufacturing company. The Construction-related segment manufactures and sells concrete secondary products, ready-mixed concrete, gravel and sand, sells cement and other construction materials, operates civil engineering contract, construction work and cargo trucking businesses. The Electrical Materials segment sells electrical materials, industrial machinery and air conditioning systems. The Car Life-related segment is engaged in the sale of petroleum products, the sale, maintenance and rental of automobiles, the agency of non-life insurance. The Housing and Life-related segment is involved in the trade, brokerage and management of real estate, the treatment of general and industrial waste, the sale of fruits, vegetables and fertilizers, the manufacture and sale of processed foods, golf supplies, agricultural machinery, mineral water and confectionery, the operation of golf courses and cable network television station, the processing of cheese, and others.
TAKAMISAWA CO., LTD. 
