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September 26, 2019
Rengo Acquires NISHIHARA-SHIGYO
Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces it has acquired 80% of shares with voting rights of NISHIHARA-SHIGYO Co., Ltd. (Head Office: Samukawa-machi, Koza-gun, Kanagawa; President: Seiichiro Nishihara), making NISHIHARA-SHIGYO a Rengo subsidiary.
NISHIHARA SHIGYO is a box maker trading in the southern Kanto region centered on Kanagawa. Going forward, Rengo will strengthen NISHIHARA SHIGYO's competitiveness by providing support in aspects such as manufacturing and sales, and at the same time, pursue further expansion of the Rengo Group's corrugated packaging business in the Kanto region through collaboration with Group companies and nearby plants directly managed by Rengo.
Overview of NISHIHARA-SHIGYO Co., Ltd.
Head office 2050-1 Tabata, Samukawa-machi, Koza-gun, Kanagawa
President Seiichiro Nishihara Capital 10 million yen Shareholders Rengo Co., Ltd.
Seiichiro Nishihara
Treasury stock(14,720 shares; 80% of voting rights)
(3,680 shares; 20% of voting rights)
(1,600 shares)Main business Manufacturing and sales of corrugated boxes Net sales 677 million yen (fiscal year ended January 2019) Number of employees 28