Rengo Co., Ltd. announces that its Board of Directors has decided to acquire 50% of shares issued by Kinyosha Printing Co., Ltd., making Kinyosha Printing a Rengo subsidiary. Additionally, Howa Sangyo Co., Ltd., a wholly owned subsidiary of Rengo, will also acquire 20% of the shares issued by Kinyosha Printing, bringing the total investment ratio of the Rengo Group to 70%.
This acquisition of shares of Kinyosha Printing by Rengo and Howa Sangyo is scheduled to be completed in March of 2021. This acquisition of shares is subject to the approval pertaining to the Antimonopoly Act.
Kinyosha Printing has printing and manufacturing bases in Japan for media packaging products by offset and digital printing, and boasts the top share in the domestic market in the entertainment-related field such as for music CDs, DVDs and game software. The company also engages in manufacturing and sales of flexible packaging products such as food packaging and beverage labels using environmentally friendly, water-based flexo printing.
Through the acquisition, in addition to promoting business development in the media packaging field, which the Rengo Group has not been fully involved in, Rengo seeks to further enhance the flexible packaging business and sales promotion business by strengthening collaboration with Kinyosha Printing and Rengo Group companies.
Rengo Co., Ltd. 50%
Howa Sangyo Co., Ltd. 20% (After this acquisition)
Main business
Media package printing for audio, visual, game software, etc.;
water-based flexo printing for flexible packaging products;
special printing for construction materials; etc.
Net sales
Approximately 8 billion yen (fiscal year ended March 2020)
Number of employees
288
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Rengo Co. Ltd. published this content on 09 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2021 04:25:01 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.
RENGO CO., LTD. 
