News Releases / 2022

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  • March 7, 2022

    Rengo Makes Otsu Seikan into a Wholly Owned Subsidiary

    Rengo Co., Ltd. announces that it has acquired all issued shares, less treasury stock, of Rengo's affiliated company Otsu Seikan Co., Ltd.—which Rengo had 38.76% voting rights—and made it a wholly owned subsidiary.
    Otsu Seikan Co., Ltd. is a box manufacturer that operates mainly in the Kyoto and Shiga region. Rengo has invested in this company since 1964, and collaborated with it in the corrugated packaging business, including the supply of corrugated board and outsourced production of corrugated boxes.
    In the future, Rengo will strengthen the collaboration between Otsu Seikan Co., Ltd. and neighboring plants directly managed by Rengo as well as with Rengo Group companies, so as to further enhance the Group's corrugated packaging business in the Kyoto and Shiga region.

    Overview of Otsu Seikan Co., Ltd.

    Head office location 5-29 Tamanoura, Otsu-shi, Shiga Prefecture
    Representative Representative Director and President Kazuhiko Ishikawa
    Capital 40 million yen
    Shareholders Rengo Co., Ltd. (39,800 shares; 100% of voting rights)
    Treasury stock (200 shares)
    Main business Manufacturing and sales of corrugated boxes

    Net sales

    Approx. 550 million yen (fiscal year ended March 2021)
    Number of employees 37