Tokai Carbon : Completes Acquisition of Shares in SGL GE Carbon Holding LLC, a Manufacturer of Graphite Electrodes, and Changes Company Name
November 07, 2017 at 07:12 pm EST
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News Release 2017
November 8, 2017
Tokai Carbon Completes Acquisition of Shares in SGL GE Carbon Holding LLC, a Manufacturer of Graphite Electrodes, and Changes Company Name
On September 28, 2017, Tokai Carbon Co., Ltd. issued a press release entitled, "Tokai Carbon to Acquire Shares of U.S. Subsidiary of SGL GE, a Graphite Electrode Manufacturer." Tokai Carbon completed acquisition of 100% of the shares in SGL GE Carbon Holding LLC on November 7, 2017 (local German time), making it a wholly owned subsidiary, and also changed the company name to TOKAI CARBON GE HOLDING LLC.
Details
Summary of Subsidiary Being Transferred (TOKAI CARBON GE HOLDING LLC) (as of November 8, 2017)
1)
Name
TOKAI CARBON GE HOLDING LLC
2)
Location
160 Greentree Drive, Suite 101, Dover, DE, U.S.A.
3)
Name and Title of Representative
Scott L. Carlton, President
4)
Business Description*
Manufacturing, selling and R&D for graphite electrodes
5)
Capital
USD 100
6)
Date Established
February 3, 2016
* The business description is the business description for the corporate group.
Summary of Counterparty to the Share Acquisition (as of November 8, 2017)
Manufacturing, selling and R&D for graphite electrodes
5)
Date Established
December 11, 2015
6)
Major Shareholder and Percentage Interest
SHOWA DENKO K.K. (100.0%)
* Showa Denko K.K. purchased all of the shares of SGL GE Holding GmbH, the counterparty to the transaction, on October 2, 2017, and changed the name of the company to SHOWA DENKO CARBON Holding GmbH.
Tokai Carbon Co. Ltd. published this content on 08 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 November 2017 00:11:02 UTC.
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Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).
TOKAI CARBON CO., LTD. 
