Nippon Pillar Packing Co., Ltd. acquired Tanken Seal Seiko Co., Ltd. from AG Chorus Limited Partnership, AG Concert Limited Partnership and AG III Investment Limited Partnership managed by Aspirant Group, Inc.
April 02, 2023
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Nippon Pillar Packing Co., Ltd. (TSE:6490) agreed to acquire Tanken Seal Seiko Co., Ltd. from AG Chorus Limited Partnership, AG Concert Limited Partnership and AG III Investment Limited Partnership managed by Aspirant Group, Inc. for ¥6.6 billion on March 22, 2023. The financials for the year ended on October 31, 2022 are total assets ¥5.9 billion, net assets are ¥2.1 billion, revenue are ¥4.6 billion, EBIT of ¥560 million and net profit of ¥380 million. The transaction is expected to close on April 3, 2023.
Nippon Pillar Packing Co., Ltd. (TSE:6490) acquired Tanken Seal Seiko Co., Ltd. from AG Chorus Limited Partnership, AG Concert Limited Partnership and AG III Investment Limited Partnership managed by Aspirant Group, Inc. on April 3, 2023.
NIPPON PILLAR PACKING CO.,LTD. is a company mainly engaged in the manufacture and sale of fluid control-related equipment. The Company operates in two business segments. The Industrial Equipment-related segment is involved in the manufacture and sale of mechanical seals and gland packing products. The Electronic Equipment segment is involved in the manufacture and sale of fluorine resin products. The Company is also involved in the leasing of office buildings and the provision of insurance agency services and power sale business.
Nippon Pillar Packing Co., Ltd. acquired Tanken Seal Seiko Co., Ltd. from AG Chorus Limited Partnership, AG Concert Limited Partnership and AG III Investment Limited Partnership managed by Aspirant Group, Inc.
NIPPON PILLAR PACKING CO., LTD. 
