Inorganic Growth through M&A in the CE Business
First written in FY2023-Q2. 2 of 4 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2024.
0 other companies' latest entry also says "Achieved".
- FY2024AchievedAnnual report
「The absorption-type merger was completed on 1 July 2024.」
The integration of 日東化工 and 東洋ゴムチップ, and of エコネコル and クロダリサイクル・しんえこ, was implemented on 1 July 2024, advancing the businesses to the post-acquisition integration stage. - FY2024-Q3Resolution on post-acquisition integration of subsidiariesAnnual report
「The purpose is to expand the business through the vertical integration of 日東化工, which manufactures and sells rubber and resin products, and 東洋ゴムチップ, which manufactures and sells recycled rubber made from waste tires, among other products; promote the recycling of polymers such as plastics and rubber; consolidate the process from waste-rubber treatment through product manufacturing; launch CE products; and optimize human capital.」
As a post-M&A integration measure in the CE business, the Company resolved to implement the vertical integration of 日東化工 and 東洋ゴムチップ on 1 July 2024. The non-organic growth achieved through the acquisition has progressed to the stage of inter-subsidiary integration and the launch of CE products. - FY2023-Q3AdvancedAnnual report
「As a result of the tender offer, 日東化工株式会社 became a consolidated subsidiary of the Company on 4 April 2023, the settlement date of the tender offer.」
As part of non-organic growth centered on M&A in the CE business, 日東化工株式会社, which manufactures and sells rubber and resin products, became a consolidated subsidiary. - FY2023-Q2AdvancedAnnual report
「In expanding the CE business proactively, the Company intends to pursue both autonomous growth through the use of existing management resources and non-organic growth through the use of external resources, primarily through M&A. The Company believes that the target company joining the Group will enable both companies to expand their businesses on a mutually beneficial basis.」
In addition to developing new businesses through new technologies, new products, and collaboration with other companies, the Company defined the CE business as a growth area and launched non-organic growth through the use of external resources, primarily through M&A, as a specific tender offer.