The Pack Corporation (TSE:3950) agreed to acquire 80% stake in Nishinihon Printing Co., Ltd. from a group of shareholders on March 31, 2014. The shareholders are Japan Pulp and Paper Company Limited, NIHONSHIKO Co.,Ltd, Hinode Shiki Kogyo Co., Ltd., Shinsei Pulp & Paper Company Limited, Kohsoku Corporation, Yoshiaki Ueda, Takanori Bito, Terusei Yukutake, Toru Ide and Hiroshi Ide. Pack Corporation will acquire 32,700 shares of Nishinihon Printing representing 36.3% stake on or before April 1, 2014 and will acquire 39,301 shares of Nishinihon Printing from April 2, 2014 and until May 15, 2014.

For the year ended March 2013, Nishinihon Printing has net assets of ¥1.63 billion, total assets of ¥1.99 billion, sales of ¥1.67 billion, operating loss of ¥52 million and net loss of ¥58 million. The Board of The Pack Corp resolved the deal on March 31, 2014. The share transfer contract is expected to be signed on April 1, 2014. The Pack Corporation (TSE:3950) signed an agreement to acquire 80% stake in Nishinihon Printing Co., Ltd. from a group of shareholders on April 1, 2014. In the period between April 1, 2014 to May 7, 2014, 39,600 shares has been acquired for ¥59 million. Pack Corporation has 44% stake after acquisition. The deal is expected to complete by May 15, 2014.