Tea Life Co., Ltd. (TSE:3172) signed a contract to acquire Mail Order business of Tri-Stage Inc. (TSE:2178) on August 6, 2019. Mail Order business had net sales of ¥372 million and operating loss of ¥271 million. Transaction is expected to close on September 1, 2019.

Tea Life Co., Ltd. (TSE:3172) completed the acquisition of Mail Order business of Tri-Stage Inc. (TSE:2178) in September 2019.