Daido Steel Co., Ltd. entered into an agreement to acquire Lexington Technologies Company LLC from The Elizabeth Companies, Inc. for JPY 500 million.
March 07, 2023
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Daido Steel Co., Ltd. (TSE:5471) entered into an agreement to acquire Lexington Technologies Company LLC from The Elizabeth Companies, Inc. for JPY 500 million on March 7, 2023.
Daido Steel Co., Ltd. is a steel manufacturing company operating in five business segments. The Specialty Steel segment is engaged in the manufacture, inspection and sale of specialty steel and secondary products, as well as the procurement of materials. The Functional and Magnetic Materials segment offers functional and electronic materials, high-alloyed products and rare-earth magnetic products. The Automobile and Industrial Machinery Parts segment mainly offers shaped forgings, precision hot forgings, open die forgings and steel machinery products for trucks, compression equipment, hydraulic equipment and machine tool parts. The Engineering segment offers steel equipment, environmental equipment and others. The Distribution and Services segment is engaged in the real estate business, the insurance businesses, the operation of golf courses and hotels, as well as the sale of information systems.
DAIDO STEEL CO., LTD. 
