Rengo : Subsidiary, Tri-Wall, Establishes New Company in the United States and Purchases the Assets of a Heavy Duty Packaging Materials Manufacturer
August 21, 2022
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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.
Rengo Co., Ltd. is a paper box manufacturer. The Cardboard and Paper Processing-related segment manufactures and sells paperboard, corrugated board and corrugated boxes in domestic markets. The Soft-type Packaging-related segment manufactures and sells soft-type packaging products and cellophane in domestic markets. The Heavy Duty Packaging-related segment manufactures and sells heavy duty packaging products in domestic markets. The Overseas-related segment manufactures and sells paperboard, corrugated board, corrugated boxes, soft-type and heavy duty packaging products in overseas markets. The Others segment is engaged in the manufacture of nonwoven cloth, the logistic business, insurance agency business, lease business and real estate business.