Sanrin Co., Ltd. agreed to acquire Enokiboya Co., Ltd. from Takaichi Miyazawa.
January 13, 2020
Share
Sanrin Co., Ltd. (JASDAQ:7486) agreed to acquire Enokiboya Co., Ltd. from Takaichi Miyazawa on January 11, 2020. On January 14, 2020, share purchase agreement has been signed. Under the transaction, Sanrin Co., Ltd. Will acquire 200 shares of Enokiboya. Enokiboya will operate as wholly owned subsidiary of Sanrin. The transaction has been resolved by Board of Directors of Sanrin on January 11, 2020. The transaction is expected to close on April 1, 2020.
SANRIN CO.,LTD. is a Japan-based company mainly engaged in the energy related business. The Company operates through four business segments. The Energy Related segment is mainly engaged in the purchase and sale of petroleum, liquefied petroleum (LP) gas, general high-pressure gas, charcoal, solar power generation systems and housing equipment, as well as the insurance agency business. The Ice Making segment is mainly engaged in the manufacture and sale of ice. The Fruit and Vegetable segment is mainly engaged in the purchase and sale of vegetables and fruits. The Real Estate segment is mainly engaged in the building lots and buildings transaction business. The Company is also engaged in the transportation business, the construction business, as well as the management and rental of LP gas related equipment.