Announcement on the Stock Acquisition of Crown Co., Ltd.
Sep. 01, 2016
ADEKA Corporation (Representative Director and President: Akio Kohri) has announced that Crown Co., Ltd. (Head office: Osaka City, Osaka Prefecture, hereinafter referred to as "Crown") will become its consolidated subsidiary through the acquisition of additional stock.
We consider that making Crown, with its strong operational base in the Kansai retail market, one of our subsidiaries through this stock acquisition will contribute to strengthening the domestic base of our food business.
Crown will become the Company's consolidated subsidiary through this stock acquisition.
We are now investigating the acquisition's influence on the Company's consolidated performance for the year ending March 31, 2017, and if it is necessary to revise sales estimates, or if there is anything that should be officially announced, we will immediately disclose such information.
[Outline]
1. Company Name |
Crown Co., Ltd. |
|---|---|
2. Location |
3-6-35, Nishitenma, kita-ku, Osaka |
3. Name&Title Representative |
Kimiko Omachi (Representative Director and President) |
4. Description of business |
Wholesale of food materials including edible fats, cooking oils and processed foods |
5. Capital |
10 million yen |
6. Date of establishment |
May 1, 1962 |
7. Major stockholder and stock ownership ratio |
Kimiko Omachi : 53.0% ADEKA CORPORATION : 17.0% Other : 30.0% |
8. Relationship with ADEKA |
Capital ties : ADEKA owns 17.0% of shares of Crown |
Please check PDF for more details.