SHINMEI Co., LTD. agreed to acquire 19.92% stake in Shokubun Co., Ltd from Isao Kawase for approximately ¥970 million.
May 09, 2017
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SHINMEI Co., LTD. agreed to acquire 19.92% stake in Shokubun Co., Ltd (TSE:9969) from Isao Kawase for approximately ¥970 million on May 10, 2017. Under the terms of the transaction, SHINMEI will acquire 1.9 million shares. The transaction is expected to be closed on May 26, 2017.
SHOKUBUN CO., LTD. is mainly engaged in the home delivery of dinner materials to general family, as well as the food materials sale to franchised companies and other companies. In its food sale business the Company provides services such as home delivery of dinner materials and sales of business-use foodstuffs, and provides menu planning and management guidance to franchise (FC) member companies. It provides its food materials in the Chubu area, Kansai area, Kyoto area and Osaka area. In its Food Research Study and Wholesale business, the Company is involved in the research and study of food and food-related issues, mail-order sale of food materials, as well as the wholesale of food products, household products, gifts and novelty products. In the sale of nursing care food and the commissioning of cooking, the Company sells nursing care food to nursing care facilities.
SHOKUBUN CO., LTD. 