Nihon Parkerizing Co., Ltd. completed the acquisition of remaining 27.47% stake in Parker Processing Co.,Ltd.
July 30, 2024
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Nihon Parkerizing Co., Ltd. (TSE:4095) signed an agreement to acquire remaining 27.47% stake in Parker Processing Co.,Ltd. on February 7, 2024. Prior to the transaction, Nihon Parkerizing Co., Ltd. (TSE:4095) held 72.53%. For the period ended March 31, 2023 Parker Processing Co.,Ltd. reported net asset of ¥19,9 billion total asset of ¥23.6 billion revenue of ¥85.6 billion and operating profit of ¥29.9 billion. The transaction is subject to approval from Nihon Parkerizing Co., Ltd. shareholders and is expected to complete on July 1, 2024.
Nihon Parkerizing Co., Ltd. (TSE:4095) completed the acquisition of remaining 27.47% stake in Parker Processing Co.,Ltd. on July 1, 2024.
Nihon Parkerizing Co., Ltd. is a Japan-based manufacturer of chemical agents and equipment. The Company operates in three business segments. The Chemical Agents segment manufactures and sells metal surface treatment chemicals, anti-rust oil, rolling mill lubricant, coating materials, electroless nickel plating and industrial detergents. The Equipment segment manufactures and sells metal surface treatment equipment and coating equipment. The Processing segment is engaged in the provision of anti-rust processing service and heat treatment processing service. The Company is also involved in the maintenance work of buildings, the manufacture and sale of metal specimen plates, the management and leasing of real estates.