Takizawa Ham Co., Ltd. (JASDAQ:2293) concluded a merger contract to acquire remaining 10% stake in Kuni Ham Co., Ltd. from JFE Steel Corporation on December 22, 2015. On completion, Kuni Ham Co., Ltd. will be dissolved. Kuni Ham Co., Ltd. reported total assets of ¥45 million, net liabilities of ¥55 million, sales of ¥252 million and net loss of ¥18 million for the period ending March 2015.

Takizawa will be the surviving company in this merger. Kuni Ham will be dissolved. The Board of Takizawa passed the resolution for the transaction on December 22, 2015.

The transaction is expected to complete on March 1, 2016.