Hanwa Co., Ltd. agreed to acquire a 90.2% stake in Tanaka Steel Trading Co., Ltd from Tanaka Tokuemon Pipe Shoten Co., Ltd.
December 12, 2022
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Hanwa Co., Ltd. (TSE:8078) agreed to acquire a 90.2% stake in Tanaka Steel Trading Co., Ltd from Tanaka Tokuemon Pipe Shoten Co., Ltd. on December 12, 2022. The transaction is expected to close on December 20, 2022.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
