Sankyo Tateyama, Inc. completed the acquisition of Ryosan Engineering Co., Ltd. from Ryosan Company, Limited, Hong Kong Ryosan Limited and Singapore Ryosan Private Limited.
September 01, 2014 at 12:00 am EDT
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Sankyo Tateyama, Inc. (TSE:5932) agreed to acquire Ryosan Engineering (Thailand) Co., Ltd. from Ryosan Company, Limited (TSE:8140), Hong Kong Ryosan Limited and Singapore Ryosan Private Limited on March 25, 2014. In a related transaction, Sankyo Tateyama, Inc. (TSE:5932) agreed to acquire Ryosan Electronics (Foshan) Co., Ltd. from Ryosan Company, Limited (TSE:8140) on March 25, 2014. The deal is expected to close on September 1, 2014.
Sankyo Tateyama, Inc. (TSE:5932) completed the acquisition of Ryosan Engineering (Thailand) Co., Ltd. from Ryosan Company, Limited (TSE:8140), Hong Kong Ryosan Limited and Singapore Ryosan Private Limited on September 1, 2014. Sankyo Tateyama acquired Ryosan Engineering (Thailand) and Ryosan Electronics (Foshan) for a combined consideration of ¥2 billion.
Sankyo Tateyama, Inc. is mainly engaged in the manufacture and distribution of construction materials and other materials. The Company operates in four business segments. Construction Material segment involves in the purchase, manufacture and sale of construction materials for buildings, housing and exterior use. Material segment involves in the casting, extrusion, processing and sale of aluminum and magnesium. Commercial Facilities segment involves in the sale of general-purpose display fixtures for shops, the manufacture and sale of standard billboards and other types of billboards, and the maintenance of shops and related equipment. International segment involves in the casting, extrusion, processing and sales of aluminum overseas.
Sankyo Tateyama, Inc. completed the acquisition of Ryosan Engineering Co., Ltd. from Ryosan Company, Limited, Hong Kong Ryosan Limited and Singapore Ryosan Private Limited.