Fujiya Co., Ltd. completed the acquisition of Sweetgarden Co., Ltd. for approximately ¥940 million.
April 01, 2014 at 12:00 am
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Fujiya Co., Ltd. (TSE:2211) agreed to acquire Sweetgarden Co., Ltd. for ¥950 million on February 13, 2014. Fujiya will acquire all 21,926 shares of Sweetgarden as a part of the transaction. For the year ended March 31, 2013, Sweetgarden reported net assets of ¥1.4 billion, total assets of ¥5 billion, sales of ¥12.1 billion, operating profit of ¥206 million and net income of ¥105 million. The transaction is expected to close on April 1, 2014. An amount of ¥110 million will be paid as advisory expenses.
Fujiya Co., Ltd. (TSE:2211) completed the acquisition of Sweetgarden Co., Ltd. for approximately ¥940 million on April 1, 2014.
Fujiya Co., Ltd. is a Japan-based confectionery maker. The Company operates in two business segments. The Western Confectionery segment is involved in the production and sale of western-style confectionery, such as cakes, bakery products, desserts and ice creams, as well as the operation of cafes and restaurants. The Confectionery Production segment manufactures and sells confectionary food, such as chocolates, candies, biscuits, drinks and dairy products. The others business is engaged in the leasing and management of real estate properties, the contract business, the provision of outsourcing services, as well as the maintenance of food processing machinery.