Showa Sangyo Co., Ltd. completed the acquisition of 66.6% in Garden Bakery Inc. from Calbee, Inc..
April 01, 2018
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Showa Sangyo Co., Ltd. (TSE:2004) concluded an agreement to acquire 66.6% in Garden Bakery Inc. from Calbee, Inc. (TSE:2229) on March 6, 2018. Showa Sangyo Co., Ltd. will acquire 1,332 shares. The deal is expected to close on April 2, 2018.
Showa Sangyo Co., Ltd. (TSE:2004) completed the acquisition of 66.6% in Garden Bakery Inc. from Calbee, Inc. (TSE:2229) on April 2, 2018.
Calbee, Inc. is a Japan-based company mainly engaged in the manufacture and sale of snack confectionary, bakery food and cereal food. The Company operates Food Manufacture and Sale segment. The Food Manufacture and Sale segment is engaged in the manufacture and sale of potato series snacks such as potato chips, wheat series snacks and corn series snacks, bakery food such as confectionary bread and prepared food bread, as well as cereal food. The Company is also engaged in the logistics business.