Nissei Plastic Industrial Co., Ltd. (TSE:6293) concluded a sponsorship agreement to acquire Homma Machinery Co.,Ltd. on August 4, 2017. The deal is subject to approval from Osaka District Court. As per the schedule of the agreement, in mid-August Nissei Homma Machinery Co.,Ltd. will be established as a wholly owned subsidiary and on October 2, 2017, the deal will close.