News Releases / 2016
March 24, 2016
Rengo Invests in Kato Corrugated Paper Co., Ltd.
Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that it has acquired a 60% stake in Kato Corrugated Paper Co., Ltd. (Head Office: Katsushika-ku, Tokyo; Chairman: Toshio Kato), and that it has become a subsidiary of Rengo.
Kato Corrugated Paper is a corrugated packaging manufacturer with a total of four production bases, in Noda-shi, Chiba Prefecture; Iwaki-shi and Iwase-gun in Fukushima Prefecture; and Kamakura-shi, Kanagawa Prefecture. Following this, Rengo will dispatch officers to Kato Corrugated Paper and plan to increase the competitiveness of their corrugated packaging business, along with creating more plans to further increase the Rengo Group’s corrugated packaging business in the Kanto and Tohoku regions by using connections with neighboring plants directly managed by Rengo, and with Rengo Group companies.
Overview of Kato Corrugated Paper Co., Ltd.
Head office location
3-22-19 Higashimizumoto, Katsushika-ku, Tokyo
Plant locations Noda Plant 5367-1 Kimagase, Noda-shi, Chiba Prefecture Iwaki Plant 11-71 Yoshihama, Onahama, Iwaki-shi, Fukushima Prefecture Sukagawa Plant 360-18 Omiya, Kagamiishi-machi, Iwase-gun, Fukushima Prefecture Fujisawa Plant 1718 Sekiya, Kamakura-shi, Kanagawa Prefecture Representative Chairman Toshio Kato Capital 30 million yen Shareholders Rengo Co., Ltd. 60.0% Toshio Kato 25.0% Yoshio Kato 15.0% Main business Manufacturing and sales of corrugated board and boxes Net sales 3.1 billion yen (fiscal year ended April 2015) Number of Employees 155