Rengo Co., Ltd. announces that its consolidated subsidiary Howa Sangyo Co., Ltd. will take over the water-based flexo printing business of Kinyosha Printing Co., Ltd. and Marufuku Co., Ltd., both of which are also subsidiaries, on August 1, 2023.
Howa Sangyo engages in manufacturing and sales of flexible packaging products that are closely related to daily life such as food and daily necessities, and develops a product line using gravure printing. On the other hand, water-based flexo printing, which Kinyosha and Marufuku have been engaged in, is an environmentally friendly printing technology with low emissions of CO2 and volatile organic compounds (VOCs) and can print clearly on paper, nonwoven fabrics, and other materials in addition to plastic film.
By consolidating the water-based flexo printing business into Howa Sangyo, which has a wealth of know-how regarding the manufacturing and sales of flexible packaging products, the Rengo Group will accelerate the development of environmentally friendly products and strengthen its structure to respond to diversifying user needs. As a result of this business transfer, Rengo will acquire the shares of Kinyosha held by Howa Sangyo.
Through this reorganization, Kinyosha will concentrate its management resources on the media package business, while Marufuku will concentrate its management resources on the folding carton business. The two companies will collaborate with the related business locations of the Rengo Group and strive to achieve further business expansion.