Aug. 22, 2022

Rengo Subsidiary, Tri-Wall, Establishes New Company in the United States and Purchases the Assets of a Heavy Duty Packaging Materials Manufacturer

Rengo Co., Ltd. announces that its consolidated subsidiary, Tri-Wall Limited, has established a wholly-owned subsidiary (Action Wood Solutions, LLC) in the State of Michigan. Action Wood Solutions, established to purchase the business assets of Action Wood Technologies, Inc. in Michigan, has entered into an asset purchase agreement with the owners of Action Wood Technologies, Inc. The closing of this transaction will be dependent on the Committee on Foreign Investment in the United States (CFIUS) accepting the transaction.
Action Wood Technologies, Inc. is a heavy duty packaging manufacturer headquartered in the State of Michigan. Action Wood Technologies, Inc. manufactures wooden packaging products including nail-less and collapsible bespoke wooden crates which are sold to into a number of industrial customer segments including automotive and defense.
Rengo has developed its heavy duty packaging materials business including corrugated packaging globally through the Tri-Wall Group. With the addition of a wooden packaging manufacturing facility in United States, the Tri-Wall Group aims to expand its product portfolio and promptly respond to a wide range of packaging needs.

Overview of Tri-Wall Limited

Address 19/F., Chu Kong Shipping Tower, 143 Connaught Road Central, Sheung Wan, Hong Kong
Representative Yuji Suzuki, Chairman
Main business Headquarters of the group's manufacturing and sales business for heavy duty packaging materials (corrugated packaging, etc.)

Overview of Action Wood Solutions, LLC

Address 44500 Reynolds Drive, Clinton Township, Michigan 48036, U.S.A
Representative Steve Schomer, President
Shareholder Tri-Wall Group 100%
Main business Manufacturing and sales of heavy duty packaging materials (wooden package, etc.)

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Rengo Co. Ltd. published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 22:59:03 UTC.