Fuji Seal International, Inc. completed the acquisition of remaining 51% stake in Fuji Ace Co., Ltd. from Ajinomoto Co., Inc..
March 05, 2020
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Fuji Seal International, Inc. (TSE:7864) agreed to acquire remaining 51% stake in Fuji Ace Co., Ltd. from Ajinomoto Co., Inc. (TSE:2802) for THB 1.2 billion on January 31, 2020. Pre deal, Fuji Seal International held 49% stake and post acquisition, Fuji Seal International will hold 100% stake in Fuji Ace Co., Ltd. Under the terms, the parties agree to sign share transfer agreement on February 5 ,2020. The transfer is expected to close in the first quarter of financial year 2019, ending March 31, 2020.
Fuji Seal International, Inc. (TSE:7864) completed the acquisition of remaining 51% stake in Fuji Ace Co., Ltd. from Ajinomoto Co., Inc. (TSE:2802) on March 6, 2020. The new name of Fuji Ace will now be Fuji Seal Packaging (Thailand) Co., Ltd. Shareholder composition of Fuji Seal Packaging (Thailand) Co., Ltd. will be 99.984% being held by Fuji Seal International and 0.016% being held by group companies of Fuji Seal International.
FUJI SEAL INTERNATIONAL, INC. is a Japan-based company mainly engaged in the planning, proposing, developing, manufacturing and sales of packaging systems centered on shrink sleeve labels, self-adhesive labels (pressure sensitive labels) and spouted pouches. The Company operates in five segments: Japan segment, the Americas segment, Europe segment, PAGO segment and Association of Southeast Asian Nations (ASEAN) segment. The Company is engaged in the manufacturing and sales of packaging products, packaging machinery and related machinery as well as providing maintenance services. The Companyâs products are used in food, beverages, dairy, home and personal care and pharmaceutical products, etc.
FUJI SEAL INTERNATIONAL, INC. 
