Rengo : Acquires Shares to Make Tri-Wall Holdings a Subsidiary

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that the board has resolved at a meeting on May 13, 2016, to acquire 100% of the common shares in Tri-Wall Holdings Limited (Head Office: British Cayman Islands) from the existing three shareholders, and entered into share transfer agreements with these shareholders.

Completion of the final transfer is scheduled for the end of October 2016 subject to the approval of the Ministry of Commerce of the People's Republic of China.

The Rengo Group defines itself as a 'General Packaging Industry,' providing comprehensive solutions for a wide range of packaging needs in the six core fields of paperboard, corrugated packaging, folding cartons, flexible packaging, heavy duty packaging, and overseas business, which form a hexagonal business structure.

The target of this acquisition, Tri-Wall Holdings, is a holding company of the Tri-Wall Group, and owns global heavy duty corrugated board brands including Tri-Wall Pak and Bi-Wall Pak , with business extending throughout Asia and Europe.

The addition of the heavy duty corrugated board Tri-Wall products, which are globally-recognized brands, into Rengo's line-up will further enhance the corrugated packaging business, which is one of our core businesses. Rengo hopes that this stock acquisition leads to further expansion of business scope and enhanced performance by better responding to the broad needs of our customers.