LEC, Inc. (TSE:7874) agreed to acquire Varsan Business of Lion Corporation on August 3, 2018. Ina related transaction, LEC, Inc. (TSE:7874) signed an agreement to acquire Lion Packaging Co., Ltd from Lion Corporation on August 3, 2018. The acquisition value of the transaction is ¥1.4 billion for share and business acquisition.

The transaction has been resolved by the Board of LEC, Inc. The transaction is expected to be completed on December 28, 2018.