The Japan Wool Textile Co., Ltd. cancelled the acquisition of Daiichi Orimono Co., Ltd.
February 26, 2021
Share
The Japan Wool Textile Co., Ltd. (TSE:3201) agreed to acquire 70% stake in Daiichi Orimono Co.,Ltd. from management of Daiichi Orimono Co.,Ltd. on February 27, 2020. The transaction is expected to close in March 2020.
The Japan Wool Textile Co., Ltd. (TSE:3201) cancelled the acquisition of Daiichi Orimono Co., Ltd. on February 27, 2021.
Japan Wool Textile Co Ltd is a Japan-based company mainly engaged in the human and future development business, textile and clothing materials business and industrial machinery and materials business. It has four business segments. Human and Future Development segment is engaged in the development, leasing and operation of shopping centers, the construction, sales and rental of real estate, the operation of sports facilities. Textile and Clothing Materials segment provides wool and uniform textile materials and products. Industrial Machinery and Materials segment is engaged in the manufacture, processing and sale of textile material products such as nonwoven fabrics and felts, the manufacture and sale of tennis and badminton gut, fishing line and other industrial materials. Consumer Goods and Services segment provides blankets, bedding products, interior products, hand-knitted wool, harness and riding equipment, and the wholesale of household goods. It also sells medical equipment.
THE JAPAN WOOL TEXTILE CO., LTD. 
