Iwatsuka Confectionery Co., Ltd. cancelled the acquisition of Tanabe Confectionery Shop Co., Ltd.
May 15, 2016 at 12:00 am EDT
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Iwatsuka Confectionery Co., Ltd. (JASDAQ:2221) concluded a contract to acquire Tanabe Confectionery Shop Co., Ltd on May 15, 2015. After the transaction, Tanabe Confectionery Shop Co., Ltd will operate as a subsidiary of Iwatsuka Confectionery. Tanabe Confectionery Shop reported sales of ¥60 million in 2014. The Board of Directors of Iwatsuka Confectionery passed a resolution for the transaction on May 15, 2015. The transaction is expected to close on July 1, 2015.
Iwatsuka Confectionery Co., Ltd. (JASDAQ:2221) cancelled the acquisition of Tanabe Confectionery Shop Co., Ltd on May 15, 2016.
IWATSUKA CONFECTIONERY CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of rice crackers. Through its subsidiaries, the Company is involved in the sale of agricultural products and processed agricultural products, the manufacture and sale of Karinto, the import of food, as well as the import and sale of rice crackers. The Companyâs main products include Kuromame Senbei, Aji Shirabe, Inakano Okaki Series, Otonano Otsumami series, Fuwatto Series, kinako mochi, Niigata Nure Senbei, Niigata Nure Okaki, Ganbare! Yasai Kazoku, Okosama Senbei, among others.
IWATSUKA CONFECTIONERY CO., LTD. 
