This transaction
Share acquisition (making the target a grand-subsidiary)Design, processing, molding and sale of packaging materials and POS displays, as well as the provision of related solutions
The Company expects the impact of this transaction on consolidated results for the current fiscal year to be limited, but believes that it will contribute to enhancing the corporate value of the Company Group over the medium to long term.
| Item | Details |
|---|---|
| Transaction name | Share acquisition (making the target a grand-subsidiary) |
| Name of the Subject Company | Hein Verpackungen GmbH |
| Business Description of the Subject Company | Design, processing, molding and sale of packaging materials and POS displays, as well as the provision of related solutions |
| Location of the Subject Company | Lauterhofen, Germany (Altdorfer Str. 10, 92283 Lauterhofen, Germany) |
| Date of Establishment of the Subject Company | 1928 |
| Number of shares acquired | All shares (the number of shares and voting rights is not stated) |
| Impact on Business Performance | The Company expects the impact of this transaction on consolidated results for the current fiscal year to be limited, but believes that it will contribute to enhancing the corporate value of the Company Group over the medium to long term. |
| Execution Date / Effective Date | The shares were acquired and the company was made a subsidiary (specific date not disclosed) |
| Management structure after acquisition | Hein Verpackungen GmbH was made a subsidiary. Improved logistics efficiency is expected through cooperation with the existing German subsidiaries. The corporate name, representative and treatment of employees are not disclosed. |
Items this document does not state (23)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company explained that it made the acquisition as part of its diversification strategy for the packaging business, with the aim of strengthening its customer base in Germany, enhancing product development capabilities, expanding its proposal capabilities through in-house processing, improving its earnings and cost structure, and improving logistics efficiency through cooperation with its existing German subsidiaries.