General Packer Co., Ltd. (JASDAQ:6267) signed a contract to acquire Osa Machinery Co.,Ltd. from Minoru Osa for ¥2.2 billion on August 19, 2016. General Packer will acquire 0.36 million shares in the deal for ¥2.2 billion. General Packer Co will borrow a loan of ¥1.1 billion from Resona Bank, Ltd. to fund the deal. Osa Machinery had total assets of ¥1.2 billion, net assets of ¥827.5 million, sales of ¥903.8 million, operating profit of ¥197.2 million and net income of ¥125.6 million for the year ended March 31, 2016. The Board of Directors of General Packer Co resolved the deal on August 19, 2016. The share transfer completion date is expected to be September 1, 2016. Additional advisory expenses of ¥88.45 million are expected to be incurred in the deal. General Packer Co., Ltd. (JASDAQ:6267) completed the acquisition of Osa Machinery Co.,Ltd. from Minoru Osa in December 2016.