Sanyo Trading Co., Ltd. agreed to acquire Global Trading Co.,Ltd.
November 05, 2020
Share
Sanyo Trading Co., Ltd. (TSE:3176) agreed to acquire Global Trading Co.,Ltd. on November 6, 2020. As per terms, Sanyo Trading Co., Ltd. will acquire all 200 shares and upon completion will hold 100% stake. For the year ended June 30, 2020, Global Trading Co.,Ltd. reported total assets of ¥225 million, net assets of ¥120 million and total sales of ¥426 million. The transaction is expected to close on November 27, 2020.
Sanyo Trading Co., Ltd. is engaged in the trading of rubber, chemicals, machinery equipment, scientific equipment and automobile parts. The Company operates in four segments. The Chemical segment offers synthetic rubber, auxiliary materials for rubber, natural rubber, medical-related materials, plasticizer, resin tube, reclaimed rubber, adhesives, synthetic resins, ink, industrial gases, pesticides, ceramics, various films, pigment, pharmaceutical intermediates, perfumes and surfactants, among others. The Machinery and Equipment segment offers environment-related equipment, test equipment, measuring equipment, industrial instrumentation, thermal processing equipment and others. The Overseas Subsidiary segment offers synthetic rubber, natural rubber, medical-related materials and various films, among others. The Domestic Subsidiary segment offers industrial drugs, oil drilling devices and others. The Domestic Subsidiary segment provides oil, natural gas and geothermal drilling products.