Ashimori Industry Co., Ltd. acquired Allsafe Japan, Ltd.
May 25, 2016
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Ashimori Industry Co., Ltd. (TSE:3526) acquired Allsafe Japan, Ltd. on May 26, 2016. All Safe Co., Ltd. will operate as subsidiary of Ashimori Industry Co., Ltd. For the year ended December 31, 2015, All safe Co. reported sales of ¥1.8 billion.
Ashimori Industry Co., Ltd. (TSE:3526) completed the acquisition of Allsafe Japan, Ltd. on May 26, 2016.
Ashimori Industry Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of automotive safety parts and functional products. The Company operates in two business segments. The Automotive Safety Parts segment is engaged in the manufacture and sale of automotive seat belts, air-bags, rear compartment covers, electric rear sunshades and others. The Functional Products segment is engaged in the provision of high capacity material fabrics, synthetic fiber ropes, narrow fabrics, fire hoses, fire hydrant hoses, industrial hoses, disaster prevention supplies, pipe repair hoses and construction work, and other related materials. The Company is also engaged in the real estate leasing business.