Sanyo Trading Co., Ltd. completed the acquisition of Azzurro Corporation Ltd.
October 30, 2017
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Sanyo Trading Co., Ltd. (TSE:3176) agreed to acquire Azzurro Corporation Ltd. on October 12, 2017. Under the terms of transaction, Sanyo Trading Co., Ltd. will acquire 400 shares of Azzurro Corporation Ltd. Upon completion, Azzurro Corporation Ltd. will become a subsidiary of Sanyo Trading Co., Ltd. For the year ended August 31, 2017, Azzurro Corporation Ltd. reported total assets of ¥209 million, net assets of ¥69 million and revenue of ¥522 million. The Board of Sanyo Trading Co., Ltd. resolved the transaction. The transaction is expected to be completed by October 31, 2017.
Sanyo Trading Co., Ltd. (TSE:3176) completed the acquisition of Azzurro Corporation Ltd. in October 2017.
Sanyo Trading Co., Ltd. is engaged in the trading of rubber, chemicals, machinery equipment, scientific equipment and automobile parts. The Company operates in four segments. The Chemical segment offers synthetic rubber, auxiliary materials for rubber, natural rubber, medical-related materials, plasticizer, resin tube, reclaimed rubber, adhesives, synthetic resins, ink, industrial gases, pesticides, ceramics, various films, pigment, pharmaceutical intermediates, perfumes and surfactants, among others. The Machinery and Equipment segment offers environment-related equipment, test equipment, measuring equipment, industrial instrumentation, thermal processing equipment and others. The Overseas Subsidiary segment offers synthetic rubber, natural rubber, medical-related materials and various films, among others. The Domestic Subsidiary segment offers industrial drugs, oil drilling devices and others. The Domestic Subsidiary segment provides oil, natural gas and geothermal drilling products.