Kurita Water Industries Ltd. (TSE:6370) entered into an agreement to acquire 25% stake in Pentagon Technologies, Inc. for $50 million on October 16, 2018. Post completion, Pentagon Technologies will become an affiliate company of Kurita Water. Kurita expects to proceed in the future to acquire the remaining shares to make Pentagon Technologies a subsidiary. For the year 2017 Pentagon Technologies has net sales of $84.8 million. Byron Nelson and Eric Andreozzi of Deloitte Tohmatsu Financial Advisory LLC acted as financial advisors for Kurita Water Industries Ltd. Kurita Water Industries Ltd. (TSE:6370) completed the acquisition of 25% stake in Pentagon Technologies, Inc. on April 1, 2019.