This transaction
Acquisition of Shares in Speidel GmbH (Making It an Indirect Subsidiary)Design, processing, forming and sale of packaging materials, and provision of related solutions, among other activities
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 | Acquisition of Shares in Speidel GmbH (Making It an Indirect Subsidiary) |
| Name of the Subject Company | Speidel GmbH |
| Business Description of the Subject Company | Design, processing, forming and sale of packaging materials, and provision of related solutions, among other activities |
| Location of the Subject Company | Illingen, Germany |
| Date of Establishment of the Subject Company | 1981 |
| Number of shares acquired | All shares (specific number of shares not disclosed), voting rights: Not disclosed |
| 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 | Acquisition completed and target made a subsidiary (specific date: Not disclosed) |
| Management structure after acquisition | Only the fact that the target was made a subsidiary is disclosed. Corporate name, representative and treatment of employees: 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 acquisition is intended to diversify and expand the packaging business, which is expected to grow in Germany. The Company expects to strengthen its customer base, enhance product development capabilities, expand its proposal capabilities by bringing the processing of large corrugated board in-house, and improve its earnings and cost structure.