Taisei Co.,Ltd agreed to acquire Hirakawa Co.,Ltd. from Yoshiko Hirakawa, Junichi Hirakawa, and one other individual.
July 26, 2016
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Taisei Co.,Ltd (Fukuoka) (TSE:3359) agreed to acquire Hirakawa Co.,Ltd. from Yoshiko Hirakawa, Junichi Hirakawa, and one other individual on July 27, 2016. Yoshiko Hirakawa will sell 62.2% stake in Hirakawa and Junichi Hirakawa will sell 33.3% stake in Hirakawa. Hirakawa Co.,Ltd reported Net assets of ¥163 million, total assets of ¥350 million, sales of ¥931 million, operating loss of ¥2 million and net profit of 0 for the year ended February 2016. The transaction is expected to close on August 25, 2016.
cotta Co Ltd is a Japan-based company mainly engaged in the business of selling confectionery and baking materials and sundries to confectionery and lunch box stores and individual customers. The main sales method is mail-order sales via the Internet, facsimile, telephone and others, with particular emphasis on sales via the cotta Internet mail-order site. In addition, through its subsidiaries, the Company is engaged in the processing, manufacturing, and sales of confectionery and baking ingredients, the maintenance and operation of cotta, the tie-up advertising business with cotta as an Internet media business, and the community-based wholesale confectionery and bakery business for business-to-business transactions, primarily in the confectionery and bakery industry in Yamaguchi Prefecture, delivering products directly to customers using Company-owned delivery vehicles, as well as the planning and sales of household sundries for cooperatives.