Strengthening the Heavy-Duty Corrugated Cardboard Business Through the Acquisition of Tri-Wall
First written in FY2016. 22 of 29 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「In July last year, Tri-Wall (Hong Kong) acquired a 100% interest in スカート社, an Italian heavy-duty packaging materials manufacturer, further strengthening its global strategy.」
The acquisition by Tri-Wall of 100% of an Italian heavy-duty packaging materials manufacturer further expanded the regional base of the heavy-duty packaging business following the acquisition. - FY2026-H1AdvancedAnnual report
「Overseas, in July, Tri-Wall (Hong Kong) acquired a 100% interest in Scatol, an Italian heavy-duty packaging materials manufacturer, further strengthening its global strategy.」
Tri-Wall's acquisition of 100% of an Italian heavy-duty packaging materials manufacturer further advanced the European expansion of the heavy-duty packaging business. - FY2025-H1AdvancedAnnual report
「Overseas, in August, Tri-Wall (Hong Kong) acquired an equity stake in Concept Packaging, a U.S. heavy-duty packaging materials manufacturer, further strengthening its global strategy.」
An additional expansion was undertaken in the Tri-Wall heavy-duty packaging business through an equity investment in a U.S. company. - FY2024AdvancedAnnual report
「Overseas, in April 2023, Tricor (Germany) decided to build a new plant using advanced technology. In May, a new company established in China by Tri-Wall (Hong Kong) began operations, and in October the Group made Jecoinsa a subsidiary. Jecoinsa operates mainly in Spain, as well as in Portugal and Morocco. These initiatives further expanded the heavy-duty packaging materials business.」
In the Tri-Wall/Tricor heavy-duty packaging business, progress was made on the decision to build a new plant in Germany, the start of operations at a new company in China, and the acquisition of the Iberian Peninsula and Moroccan businesses as subsidiaries. - FY2024-Q3AdvancedAnnual report
「As Tri-Wall Bulgaria was newly established, it has been included in the scope of consolidation from the second-quarter consolidated accounting period.」
Established a Bulgarian company within the Tri-Wall group and included it in the scope of consolidation from the second quarter. The heavy-duty packaging business is expanding geographically. - FY2024-Q2AdvancedAnnual report
「Overseas, in April, トライコー社 (Germany) decided to build a new plant using state-of-the-art technology. In May, a new company established in China by Tri-Wall (Hong Kong) began commercial operations, further strengthening the heavy-duty packaging materials business.」
In the Tri-Wall/Tricor heavy-duty packaging business, progress was made on the decision to build a new plant in Germany and the start of operations at a new company in China, expanding the business base. - FY2024-Q1AdvancedAnnual report
「TW America Packaging Solutions was newly established and has therefore been included in the scope of consolidation from the first quarter of the current fiscal year.」
Established a new U.S. company within the Tri-Wall group and included it in the scope of consolidation from the first quarter, expanding the North American base of the heavy-duty packaging business. - FY2023AdvancedAnnual report
「In June, the company and Tricor (Germany) made Tim Packaging Systems, a German manufacturer of heavy-duty packaging materials, a subsidiary through the acquisition of its shares, changing its name to Tricor Packaging Systems. In August, Tri-Wall (Hong Kong) made a UK corrugated-products manufacturer a subsidiary, and in September acquired the business of a US manufacturer of heavy-duty packaging materials.」
In the heavy-duty packaging business of Tri-Wall/Tricor, the group advanced the acquisitions of Tim in Germany, a UK manufacturer, and a US business, expanding its geographic reach and business base. - FY2023-Q3AdvancedAnnual report
「The company acquired an interest in Tim Packaging Systems during the first quarter of the current fiscal year and included the company and its subsidiaries in the scope of consolidation. As a result, segment assets in the Overseas-Related Business segment increased by ¥76,895 million in the third quarter compared with the end of the previous consolidated fiscal year. As the purchase price allocation has not been completed, the amount of segment assets was calculated on a provisional basis.」
Following the acquisition of Tim Packaging Systems, segment assets in overseas-related businesses increased by ¥76,895 million. Goodwill arising from the acquisition also increased by ¥10,342 million, indicating further progress in reflecting the acquisition’s effects in the consolidated accounts. - FY2023-Q2AdvancedAnnual report
「In June, the company and Tricor (Germany) made Tim Packaging Systems, a German manufacturer of heavy-duty packaging materials, a subsidiary through the acquisition of its shares, changing its name to Tricor Packaging Systems. In August, Tri-Wall (Hong Kong) made a UK corrugated-products manufacturer a subsidiary, and in September acquired the business of a US manufacturer of heavy-duty packaging materials.」
Following the acquisition of Tim Packaging Systems in Germany by Tri-Wall/Tricor, the group proceeded to acquire a UK corrugated-products manufacturer and a US heavy-duty packaging business, expanding the geographic reach and business base of its heavy-duty packaging operations. - FY2023-Q1AdvancedAnnual report
「Post-acquisition voting interest 100%」
As an additional expansion of the Tri-Wall group’s heavy-duty packaging business, the company acquired an interest in Tim Packaging Systems on 30 June 2022, making it a subsidiary with a 100% voting interest. The company is expanding its product portfolio and supply system in Germany and surrounding regions. - FY2020-Q3AdvancedAnnual report
「In the Overseas-Related Business segment, the company acquired shares in Tricor Packaging & Logistics and Gutmann during the second quarter and included the companies and their subsidiaries in the scope of consolidation. The increase in goodwill arising from these transactions was ¥21,335 million for the cumulative third quarter of the current fiscal year.」
Following the acquisitions of Tricor and Gutmann, their consolidation progressed, and an increase in goodwill of ¥21,335 million arising from the acquisitions was recorded. - FY2020-Q2AchievedAnnual report
「The company newly acquired shares in Tricor Packaging and Logistics and Gutmann, and included a total of 6 companies, including subsidiaries of Tricor Packaging and Logistics, in the scope of consolidation from the second quarter of the current fiscal year.」
The acquisition of shares in Tricor and Gutmann was completed on 20 August 2019, resulting in a 100% post-acquisition voting interest. The acquisition cost was €268 million (¥31,806 million). - FY2020-Q1AdvancedAnnual report
「The company will make Tricor a group company, thereby strengthening overseas operations, one of the group’s core businesses, and driving further business expansion and improved performance.」
The Tri-Wall group resolved to acquire 100% of the shares of Germany’s heavy-duty packaging manufacturer TRICOR Packaging & Logistics AG and machinery manufacturer Gutmann Anlagentechnik GmbH, with the acquisitions scheduled for 20 August 2019. The combined purchase price for the 2 companies was approximately €268 million. - FY2019AdvancedAnnual report
「Overseas, Tri-Wall (Hong Kong) made heavy-duty packaging materials manufacturers in the United States in April 2018 and the United Kingdom in October 2018 subsidiaries, and established subsidiaries in Turkey and Mexico in February 2019, further expanding its heavy-duty packaging business around the world.」
As additional developments following the Tri-Wall acquisition, the company advanced the acquisition of companies in the United States and the UK and the establishment of subsidiaries in Turkey and Mexico. - FY2019-Q2AdvancedAnnual report
「In April 2018, Tri-Wall (Hong Kong) made a US manufacturer of heavy-duty packaging materials a subsidiary, strengthening its heavy-duty packaging business in the country.」
As an additional development following the Tri-Wall acquisition, the company made a US manufacturer of heavy-duty packaging materials a subsidiary. The scope of consolidation of the Tri-Wall group also expanded through developments including the establishment of the Romanian company. - FY2019-Q1AdvancedAnnual report
「Tri-Wall Romania was newly established and has therefore been included in the scope of consolidation from the first quarter of the current fiscal year.」
The Tri-Wall group advanced its overseas expansion through the establishment of a Romanian company and its inclusion in the scope of consolidation. - FY2018AdvancedAnnual report
「Tri-Wall (Hong Kong) established a joint venture in the United States with a manufacturer and seller of heavy-duty packaging materials. In June, it brought a Polish manufacturer of heavy-duty packaging materials into the group, followed by a UK manufacturer in July.」
Following completion of the Tri-Wall acquisition, the group expanded its heavy-duty packaging business further by establishing a joint venture in the United States and bringing companies in Poland and the UK into the group. - FY2018-Q3AdvancedAnnual report
「In overseas-related businesses, revenue and profit increased because the performance of Tri-Wall Holdings, which became a consolidated subsidiary, contributed in addition to strong performance in the corrugated-products business.」
The completed Tri-Wall acquisition made the acquired company’s contribution to higher revenue and profit in overseas-related businesses more tangible in the cumulative third-quarter results. - FY2018-Q2AdvancedAnnual report
「In overseas-related businesses, revenue and profit increased because the performance of Tri-Wall Holdings, which became a consolidated subsidiary, contributed in addition to strong performance in the corrugated-products business.」
The completed Tri-Wall acquisition made the acquired company’s contribution to higher revenue and profit in overseas-related businesses more tangible. - FY2018-Q1AdvancedAnnual report
「The overseas-related business reported higher revenue and operating profit as the performance of the Tri-Wall Group began contributing from the first quarter. As a result, segment revenue was ¥14,522 million, up 128.0% year on year, and operating profit was ¥428 million, up 520.3%.」
The completed Tri-Wall acquisition made a specific contribution to the overseas-related business through higher revenue and profit from the acquired group. - FY2017RestatedAnnual report
「To expand its packaging business in Japan and overseas, the company signed a share purchase agreement on 13 May 2016 to acquire 100% of the issued shares of Tri-Wall Holdings from 3 existing shareholders for a total of US$221.75 million (¥22,872 million), and acquired the shares on 27 October 2016.」
The annual report confirms the acquisition of 100% of Tri-Wall Holdings and its inclusion in the scope of consolidation. The acquisition price was ¥22,872 million, and the company consolidated Tri-Wall Holdings and 74 subsidiaries. - FY2017-Q3AdvancedAnnual report
「During the third quarter of the current fiscal year, the company newly acquired shares in Tri-Wall Holdings and included the company and its subsidiaries in the scope of consolidation, while including its affiliates within the scope of equity-method accounting.」
Following completion of the acquisition, Tri-Wall Holdings and its subsidiaries were progressively incorporated into the consolidated accounts, increasing the number of employees in overseas-related businesses by 1,657 to 5,043. - FY2017-Q2AchievedAnnual report
「Under the agreement, the company obtained approval from the Ministry of Commerce of the People’s Republic of China and completed the acquisition of the shares on 27 October 2016.」
The acquisition of shares in Tri-Wall Holdings Limited was completed, resulting in a 100% post-acquisition voting interest. The purchase consideration was US$221.75 million (¥22,872 million), and the transaction was intended to strengthen the heavy-duty corrugated packaging business. - FY2017-Q1RestatedAnnual report
「On 13 May 2016, the company signed a share purchase agreement to acquire 100% of the issued shares of Tri-Wall Holdings Limited (head office: the Cayman Islands, British Overseas Territory, hereinafter “Tri-Wall”) from 3 existing shareholders for a total of US$221.75 million (approximately ¥24.4 billion). The transaction was subject to approval from the Ministry of Commerce of the People’s Republic of China and other conditions to completion.」
The filing describes the agreement to acquire 100%, the purchase price, and the funding method, but approval and other conditions to completion remained outstanding as of the filing date. - FY2016First statedAnnual report
「The company will make Tri-Wall Co. a subsidiary and add Tri-Wall products, a global brand in heavy-duty corrugated packaging, to the group’s product lineup, thereby strengthening the corrugated-products business, one of the group’s core businesses, and driving further business expansion and improved performance.」
Although an agreement to acquire 100% of the issued shares had been signed, conditions to completion included approval from China’s Ministry of Commerce and other requirements, and the acquisition had not been completed as of the filing date.