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September 13, 2023
Rengo Subsidiaries Fuji-Hoso Shiki and Marufuku to Merge
Rengo Co., Ltd. announces that major subsidiaries in the folding carton business, Fuji-Hoso Shiki Co., Ltd. and Marufuku Co., Ltd. will be merged on October 1, 2023, and their trade name will be changed to "FUJI-MARUFUKU CO., LTD." The goal of this merger is to improve management efficiency and further strengthen the competitiveness of the company's folding carton business.Overview of Merger
1. Date of Merger (Effective date) October 1, 2023 (scheduled) 2. Merger Procedure
In this absorption-type merger with Fuji-Hoso Shiki Co., Ltd. as the acquiring company, Marufuku Co., Ltd. will be dissolved. As two wholly owned subsidiaries will merge, no new shares will be issued and capital will not increase.
Overview of Merging Companies
Overview of Fuji-Hoso Shiki Co., Ltd. (acquiring company)
Location 5-2 Hino Daini Industrial Park, Kitawaki, Hino-cho, Gamo-gun, Shiga Prefecture Representative Naohiro Kubota, President
Capital JPY 50 million
Shareholders Rengo Co., Ltd. 100% Main Business Manufacturing and sales of folding carton products and functional fancy boxes Net Sales approx. JPY 3,400 million (For the year ended March 31, 2023)
Number of Employees 118 Overview of Marufuku Co., Ltd (acquired company)
Location 1137 Urushijima-machi, Hakusan-shi, Ishikawa Prefecture Representative Teruo Fukushima, President
Capital JPY 42 million
Shareholders Rengo Co., Ltd. 100% Main Business Manufacturing and sales of folding carton products and plastic molded products Net Sales approx. JPY 1,400 million (For the year ended March 31, 2023 (6 months))
Number of Employees 86