Marujun Co. Ltd. completed the acquisition of an additional 70% stake in TOMASCO Indiana, LLC from American Honda Motor Co., Inc.
June 13, 2012 at 12:00 am EDT
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Marujun Co. Ltd. (NSE:3422) agreed to acquire an additional 70% stake in TOMASCO Indiana, LLC from American Honda Motor Co., Inc. for $8.8 million on December 19, 2011. Marujun will acquire 140 shares of TOMASCO leading to a total of 160 shares (80% stake) post acquisition. The deal is expected to close in June 2012.
Marujun Co. Ltd. (NSE:3422) completed the acquisition of an additional 70% stake in TOMASCO Indiana, LLC from American Honda Motor Co., Inc. on June 13, 2012.
J-Max Co Ltd is a Japan-based company primarily engaged in the manufacture and sale of body stampings and molds for automobiles. The Company operates in four segments. The Marujun segment, Thailand segment, Guangzhou segment and Wuhan segment are engaged in the manufacture and sale of body stampings and precision stampings for automobiles, stamping molds, welding jigs, inspection tools and other equipment in Japan, Thailand and Guangzhou and Wuhan of China. The main products include automobile body stampings such as front pillars, side sills, center pillar inner products, bumpers, hybrid car parts, hood hinges and steering hanger beams, precision parts such as clutch drums, clutch pistons, planetary carriers, belt pulleys and stator holders, various molds, jigs and inspection tools such as front door inner products single and composite inspection tools and others.
J-MAX CO.,LTD. 
