Tomoe Engineering Co., Ltd. signed a equity transfer agreement to acquire remaining 33.4% stake in Stella-Tech Engineering Plastics Co., Ltd. from Techno Polymer Co., Ltd. and Japan Coloring Co., Ltd.
November 04, 2013 at 11:00 pm EST
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Tomoe Engineering Co., Ltd. (TSE:6309) signed a equity transfer agreement to acquire remaining 33.4% stake in Stella-Tech Engineering Plastics (Shenzhen) Co., Ltd. from Techno Polymer Co., Ltd. and Japan Coloring Co., Ltd. on November 5, 2013. The transaction is expected to close on November 5, 2013.
TOMOE ENGINEERING CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of centrifuge decanters, and the purchase and sale of chemical industrial products. The Company has two business segments. The Machinery Manufacture and Sale segment is engaged in the manufacture and sale of centrifuge decanters for water treatment, food, feed, medicine, chemistry, recycling, energy, steelmaking, biotechnology and construction fields, the processing and sale of components, as well as the provision of related after services. The Chemical Industrial Products Sale segment is engaged in the purchase and sale of chemical industrial products such as synthetic resins, industrial materials, mineral products, chemical products, functional materials and electronic materials, the coloration processing and compound processing of synthetic resin materials, as well as the sale of imported liqueur products. The Company is also engaged in the delivery and inventory management of products.
Tomoe Engineering Co., Ltd. signed a equity transfer agreement to acquire remaining 33.4% stake in Stella-Tech Engineering Plastics Co., Ltd. from Techno Polymer Co., Ltd. and Japan Coloring Co., Ltd.
TOMOE ENGINEERING CO., LTD. 
