NewsNEWS
Notice Concerning the Execution of an Integration Agreement Regarding Reorganization of the Packaging Film Business
Tokuyama Corporation (hereinafter referred to as "Tokuyama" or "the Company") today announced that it had executed an integration agreement with Rengo Co., Ltd. and Mitsui Chemicals, Inc. regarding a new post-merger company following the business integration of Mitsui Chemicals Tohcello, Inc. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Shigeharu Matsuzaka; Investment ratio: Mitsui Chemicals, Inc. 100%) and SunTox Co., Ltd. (Head office: Taito-ku, Tokyo; Representative Director and President: Yoshitaka Iijima; Investment ratio: Rengo Co., Ltd. 66%, Tokuyama Corporation 34%). Brief details are presented as follows.
Plans are in place to launch the new company on April 1, 2024 with Mitsui Chemicals Tohcello, Inc. as the surviving company.
| 1. Overview of the New Post-Merger Company | |
| Company name: | RM TOHCELLO CO., LTD. |
| Head office address: | Kanda, Chiyoda-ku, Tokyo |
| Business details: | Manufacture and sale of plastic packaging film |
| Investment ratio: | Rengo Co., Ltd. 51%, Mitsui Chemicals, Inc. at least 34%, Tokuyama Corporation no more than 15% |
| Merger effective date: | April 1, 2024 (planned) |
2. Outlook
Tokuyama believes that the impact of this matter on the Company's business performance will be negligible. The Company will promptly announce details of any event that should be disclosed.
Corporate Communications & Investor Relations Dept.
Tokuyama Corporation
TEL: +81-3-5207-2552