Lepton Co., Ltd. completed the acquisition of ceramics business of Kikusui Chemical Industries Co., Ltd..
October 31, 2014 at 12:00 am
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Lepton Co., Ltd. signed business transfer agreement to acquire ceramics business of Kikusui Chemical Industries Co., Ltd. (NSE:7953) for ¥520 million in cash on August 18, 2014. As per the terms of the deal, Lepton Co will acquire the entire ceramics division of Kikusui Chemical involved in manufacture and sales of fine ceramics. During the year ended March 31, 2014, ceramics business had sales of ¥644.75 million, segment profit of ¥32.37 million and total assets of ¥925.79 million. The Board of Directors of Kikusui Chemical Industries Co., Ltd. made a resolution in favor of the transaction on August 18, 2014. The transaction is expected to close on October 31, 2014.
Lepton Co., Ltd. completed the acquisition of ceramics business of Kikusui Chemical Industries Co., Ltd. (NSE:7953) on October 31, 2014.
KIKUSUI CHEMICAL INDUSTRIES CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of building finishing materials, building base preparation materials, tile adhesives, building civil engineering materials, the sales of related products, and renovation work. Architectural finishing materials are used for decoratively finishing the inner and outer walls of buildings. The building base adjustment materials are used for base adjustment of interior and exterior finishing work. The tile adhesive materials are used for attaching a tile to a wall surface. Architectural civil engineering materials include auxiliary paper and other materials for drawing architectural finishing materials onto walls to draw patterns. Building refresh is a building renovation work.
KIKUSUI CHEMICAL INDUSTRIES CO., LTD. 
