Asahi Shiko becames wholly-owned subsidiary of Rengo; will work toward expanding the Rengo Group corrugated board business
(Japan, Feb. 07, 2017) Rengo Co., Ltd. has acquired all of Nippon Paper Industries’ shares of Rengo consolidated subsidiary Asahi Shiko Co., Ltd., making it a wholly-owned subsidiary.
Asahi Shiko has plants in three locations: Konosu-shi, Saitama Prefecture; Kitasaku-gun, Nagano Prefecture; and Kamisu-shi, Ibaraki Prefecture in Japan.
Rengo will strengthen the cooperation between Asahi Shiko and neighboring plants directly managed by Rengo, as well as with Group companies, and work toward expanding the Rengo Group corrugated board business in the Kanto and Koushinetsu regions. (Source: press release)