2024
April 2, 2024
Amalgamation of Water Treatment Companies in Canada to Strengthen Business Foundation
Kurita Water Industries, Ltd. (Head office: Nakano-ku, Tokyo; President: Hirohiko Ejiri; hereinafter "Kurita") announced that Kurita Canada Inc. (KCI; Head office: British Columbia, Canada), a consolidated subsidiary mainly engaged in the sale of water treatment chemicals in Canada, and Keytech Water Management (KTWM; Head office: Ontario, Canada), a wholly owned subsidiary of KCI mainly engaged in the manufacture and sale of water treatment chemicals in the same country, have amalgamated on April 1, 2024 (in east Canadian time) .
In the medium-term management plan Pioneering Shared Value 2027 (PSV-27) through fiscal 2027, the Kurita Group aims to create shared value with society through various industries and sets the expansion of solutions, particularly in the CSV business(*1), and their globally horizontal deployment, as one of the key initiatives. In addition, to promote these initiatives, we have been addressing to solve customers and social issues by developing our business foundation in each region of Japan, Asia, EMEA, and North and South America to strengthen our system for flexibly creating and providing optimal solutions.
Regarding these backgrounds, to optimize the business resources of KCI, operating in the western Canada, and KTWM, operating in the eastern Canada where is concentrated various industries, these two companies have amalgamated to launch new entity of KCI. By strengthening the business foundation to rapidly address multiple solutions responding to various issues of customers as the new organization, the Kurita Group will work to improve customer intimacy, aiming to expand our business in Canada further.
The outline of the amalgamated company and two companies subject to the amalgamation can be referred as follows.
Outline of KCI (new entity after amalgamation)
| Company name | Kurita Canada Inc. |
|---|---|
| Establishment year | In 2011 |
| Head office | 33 McIntyre Dr. Kitchener, Ontario N2R 1E4, Canada |
| Shareholders | Kurita America Inc. (*2) (shareholding ratio: 100%） |
| Main Business | Manufacture and sales of water treatment chemicals |
Reference: Outline of KCI and KTWM (before amalgamation)
| Company name | Kurita Canada Inc. | Keytech Water Management |
|---|---|---|
| Establishment year | In 2011 | In 1981 |
| Head office | Suite 2600 Three Bentall Center 595 Burrard St Vancouver, BC, V7X 1L3, Canada | 33 McIntyre Dr. Kitchener, Ontario N2R 1E4, Canada |
| Shareholders | Kurita America Inc. (*2) (shareholding ratio: 100%) |
Kurita Canada Inc. (shareholding ratio: 100%) |
| Main Business | Sales of water treatment chemicals | Manufacture and sales of water treatment chemicals |
To further expand its business globally, the Kurita Group will continue to strengthen its business foundation in each region and expand growth opportunities, as well as will work towards realizing a sustainable society by creating and providing various solutions, including the CSV business to help water conservation, reduction of GHG emissions, recycling of waste, and reduction of resource input.
- Note）
- *1：CSV (Creating Shared Value) business: Products, technologies, and business models that significantly contribute to water conservation, reduction of GHG emissions, recycling of waste, and reduction of resource input compared to conventional methods are defined as the "CSV business."
- *2：100% owned by our wholly owned overseas consolidated subsidiary (Kurita America Holdings Inc.).