Press Releases

2019

December 26, 2019

Notice Regarding Acquisition of Shares of Pentagon Technologies Group, Inc. in the United States (to Make It a Subsidiary)

Kurita Water Industries Ltd. (Head Office: Nakano-ku, Tokyo; President: Michiya Kadota; hereinafter "Kurita") announces that a meeting of its Board of Directors held today resolved to acquire additional shares of Pentagon Technologies Group, Inc. (Head Office: California, U.S.; hereinafter "Pentagon Technologies"), adding to the 25% stake currently owned by Kurita America Holdings Inc. (Head Office: Delaware, U.S.; hereinafter "KAHI"), a wholly owned subsidiary of Kurita. As a consequence, Pentagon Technologies will become a consolidated subsidiary of Kurita (*). Kurita has entered into a share transfer agreement with KAHI and the shareholders of Pentagon Technologies.
Kurita expects to proceed in the future to acquire additional shares to make Pentagon Technologies a wholly owned subsidiary.

  1. (*)

    The shareholder ratio of Kurita will be 51%.

(Reference) Press releases in the past

  1. ・Notice Regarding Completion of Acquisition of Shares of Pentagon Technologies Group, Inc. in the United States
  2. ・Notice Regarding Acquisition of Shares of Precision Tool Cleaning Company of the U.S.: Increase in market competitiveness in the electronics industry by creating new value through synergies with the domestic precision tool cleansing business