Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that its consolidated subsidiary Tri-Wall (Head Office: Hong Kong, Chairman: Yuji Suzuki) has made an investment through Tri-Wall's wholly-owned subsidiary to acquire a 51% stake in Rosewood Manufacturing Holdings Limited (referred to hereafter as “Rosewood”), which has its Head Office in the United Kingdom.

Rosewood has three operating companies as its subsidiaries, and it has factories in northern England (North Shields and Gateshead) and central England (Manchester and Wolverhampton), where it conducts manufacturing and sales of heavy duty and general purpose corrugated boxes and timber packaging.

Rengo has developed its packaging materials business related to heavy duty corrugated packaging globally through the Tri-Wall Group, but business in the United Kingdom until now has mainly been conducted at the site in Wales. Now, with the addition of Rosewood, which covers all of England, to the Rengo Group, Rengo will further promote the expansion of business by strengthening the supply system in the United Kingdom while also responding to more far-reaching packaging needs.