News Releases / 2022
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March 30, 2022
Rengo Acquires Takigawa Corporation
Rengo Co., Ltd. has, combined through direct and indirect ownership, acquired 100% of the shares issued by Takigawa Corporation Japan (TCJ), Converting Technologies Co., Ltd., and Takigawa Corporation Singapore Pte. Ltd. (TCS). In conjunction with this, Rengo announces that six TCJ group companies, including the TCJ subsidiaries Takigawa Corporation Vietnam (TCV), Takigawa Corporation America (TCA), and Nissio Gravure Co., Ltd., have been made Rengo subsidiaries. (Hereinafter TCJ and its group companies are collectively referred to as “Takigawa Corporation.”)
Takigawa Corporation is a flexible packaging manufacturer with integrated production encompassing film making, manufacturing, printing, laminating, and bag making. Its strengths include zippered bags and square-bottomed bags which feature a variety of functions such as child resistance*.
With a global customer base focused in Europe and the United States, Takigawa Corporation has manufacturing sites in Japan, Vietnam, and the state of Kentucky in the United States, as well as a sales site in Singapore.
By adding Takigawa Corporation to the Rengo Group, Rengo will expand its manufacturing and sales sites and product lineup for the flexible packaging business to respond to an even broader range of packaging needs in Japan and overseas.*Mechanisms which prevent accidental ingestion by making packaging and containers difficult for children to open.
Overview of Takigawa Corporation Japan
Location 4-12-1 Narashino, Funabashi-shi, Chiba Prefecture Representative President Hiroyuki Takigawa Capital 90 million yen Shareholders Rengo Co., Ltd. 31.3%
Converting Technologies Co., Ltd. 68.7%Main business Manufacturing and sales of flexible packaging products Net sales Approx. 12.8 billion yen (fiscal year ended March 2021) Number of employees 316 Overview of Converting Technologies Co., Ltd.
Location 4-12-1 Narashino, Funabashi-shi, Chiba Prefecture Representative President Hiroyuki Takigawa Shareholders Rengo Co., Ltd. 100% Main business Holding company, contracted manufacturing of flexible packaging products Net sales Approx. 5 billion yen (fiscal year ended May 2021) Overview of Takigawa Corporation Singapore Pte. Ltd.
Location 7 Temasek Boulevard, #04-01 Suntec Tower One, 038987, Singapore President Hiroyuki Takigawa Shareholders Rengo Co., Ltd. 100% Main business Sales of flexible packaging products Net sales Approx. 42 million USD (Approx. 4.9 billion yen, fiscal year ended December 2020) Overview of Takigawa Corporation Vietnam
Location 10 VSIP II-A Street 14, VSIP II-A, Vinh Tan Ward, Tan Uyen Town, Binh Duong Province, Vietnam President Yu Takigawa Shareholders Takigawa Corporation Japan 100% Main business Manufacturing and sales of flexible packaging products Net sales Approx. 34 million USD (Approx. 3.9 billion yen, fiscal year ended December 2020) Overview of Takigawa Corporation America
Location 1365 Parkway Drive Bardstown, Kentucky 40004, U.S.A. President Kensuke Yamamura Shareholders Takigawa Corporation Japan 100% Main business Manufacturing and sales of flexible packaging products Net sales Approx. 20 million USD (Approx. 2.3 billion yen, fiscal year ended December 2020) Overview of Nissio Gravure Co., Ltd.
Location 1436-2 Kamikoya, Yachiyo-shi, Chiba Prefecture Representative Representative Director & President Hiromasa Yamashita Shareholders Takigawa Corporation Japan 84.2% Main business Manufacturing and sales of flexible packaging products Net sales Approx. 2.7 billion yen (fiscal year ended May 2021)