June 29, 2022
Notice Regarding Acquisition of Shares of Pentagon Technologies Group, Inc. in the United States (Making It a Wholly Owned 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") to add to the 51% stake in Pentagon Technologies that is currently owned by Kurita America Holdings Inc. (Head Office: Delaware, U.S.; hereinafter "KAHI"), a wholly owned subsidiary of Kurita, based on the share transfer agreement with KAHI and the shareholders of Pentagon Technologies on December 26, 2019. As a result, Kurita will own a 100% share of Pentagon Technologies, making the latter a wholly owned subsidiary of Kurita.
(Reference) Past press releases
- ・Notice Regarding Completion of Acquisition of Shares of Pentagon Technologies Group, Inc. in the United States