Nankai Plywood Co., Ltd. (TSE:7887) agreed to acquire assets of Rolpin SAS on March 3, 2014. The consideration for the transaction is €1. Nankai Plywood will also invest €5 million for renovation of the acquired business. The transaction has received approval in France and is expected to close by April 1, 2014. As of March 11, 2014, the Commercial Court of Mont-de-Marsan gave approval for the deal. Jérôme Barbier and Brice Bourgeois of SEH Legal acted as legal advisors to Rolpin. Philippe Despréaux of MBA CapitaL acted as financial advisor, SCS Global Consulting (S) Pte Ltd acted as accountant and Marc Deneuville of Ulysse Société d'Avocats acted as legal advisor for Nankai Plywood.

Nankai Plywood Co., Ltd. (TSE:7887) completed the acquisition of assets of Rolpin SAS on April 1, 2014.