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.
The shareholder ratio of Kurita will be 51%.
(Reference) Press releases in the past
- ・Notice Regarding Completion of Acquisition of Shares of Pentagon Technologies Group, Inc. in the United States
- ・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