Autobacs Seven Co.,Ltd. agreed to acquire Joyful Shaken and Tire Center Co., Ltd. from Joyful Honda Co., Ltd..
March 04, 2021
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Autobacs Seven Co.,Ltd. (TSE:9832) agreed to acquire Joyful Shaken and Tire Center Co., Ltd. from Joyful Honda Co., Ltd. (TSE:3191) on March 5, 2021. Under the term, Autobacs will acquire 0.52 million shares of Joyful Shaken and Tire Center. Post completion, Joyful Honda will not hold any shares in Joyful Shaken and Tire Center.
The board of director of Joyful Honda resolved the transaction on March 5, 2021. The transaction was approved by the board of director of Joyful Honda on March 5, 2021. The transaction is expected to close on April 1, 2021.
Joyful Honda Co Ltd is engaged in the sales of housing products including materials and professional supplies, interior and living products, and garden and farm products, the design and construction of renovation work and the sales of related products, and the sales of living products including daily necessities, pets and leisure products. The Company operates home center business and housing renovation business. The stores include large-scale retail stores and specialty retail stores. The products include material and professional supplies such as lumber, construction materials, paints, tools, hardware, work supplies and electrical parts, daily necessities such as everyday consumables, sanitary products, medicines, health care products, beverages and alcoholic beverages, garden and farm products such as flower seedlings, vegetable seedlings, plants, culture soil, fertilizer, bricks and paving stones, interior and living products such as floors, walls, windows, furniture and others.