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November 7, 2013

Rengo Acquires Shares in Hirooka Shiki

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that it has recently acquired 100% of shares issued by Hirooka Shiki Co., Ltd. (Head Office: Takaoka-shi, Toyama Prefecture; President: Yasuhiro Aoshima), making it a subsidiary of Rengo.

Hirooka Shiki has a long history as a manufacturer of corrugated boxes with many important clients, mainly in Takaoka-shi, Toyama Prefecture. Rengo is dispatching executives to Hirooka Shiki and working to strengthen the competitiveness of the company’s corrugated packaging business. Rengo is also aiming for the further enhancement of the corrugated packaging business of the Rengo Group in the Hokuriku region through collaboration with neighboring Rengo plants and its group companies.


Overview of Hirooka Shiki Co., Ltd.

Head Office Location 1073 Rokke, Takaoka-shi, Toyama Prefecture, Japan

President Yasuhiro Aoshima

Capital  JPY 10 million
Shareholders Rengo Co., Ltd. (100%)
Main business Manufacturing and sales of corrugated boxes and folding cartons
Net sales JPY 135 million (fiscal year ended September 30, 2012)
Number of employees Seven