Toyo Ink Announcement of Merger of Consolidated Overseas Subsidiaries
The merging of the two companies will reinforce the management base and bolster TOYO INK Group’s competitiveness in North America
TOYO INK SC HOLDINGS CO., LTD. (President and Representative Director: Katsumi Kitagawa, Chuo-ku, Tokyo) announces that TOYO INK AMERICA, LLC (United States), the Group’s consolidated subsidiary, has decided to absorb another consolidated subsidiary TOYO INK MFG. AMERICA, LLC. The merger has been implemented as outlined below.
1. Purpose of the merger
The merging of the two companies, our Group’s consolidated subsidiaries, will reinforce the management base and bolster TOYO INK Group’s competitiveness in North America through the coordination of the companies’ functions.
Further, by merging these companies that operate in disparate business domains, the move aims to strengthen the ability to make proposals to customers and accelerate TOYO INK Group’s business expansion in the United States.
2. Summary of the merger
(1) Schedule of the merger
Merger date (effective date) January 1, 2013
(2) Method of the merger
The method is an absorption-type merger, with TOYO INK AMERICA, LLC being the surviving company and TOYO INK MFG. AMERICA, LLC dissolved.
3. Overview of the parties to the merger (as of December 31, 2012)
Surviving company Merged company
Company name TOYO INK AMERICA, LLC TOYO INK MFG. AMERICA, LLC
Location of head office 1225 N. Michael Drive, Wood Dale, IL 60191 U.S.A. 30 Murray Hill Parkway, Suite 100, East Rutherford, NJ 07073 U.S.A.
Date of incorporation January 1, 2001 January 1, 2001 Established
July 1, 2008 Company name changed
Capital or Invested Capital 28,800,800 USD 32,282,239 USD
Representative Hideki Okaichi Mamoru Sasajima
Nature of business Manufacture and sale of printing inks, gravure inks, flexographic inks, PSA, adhesives and related products Import and sale of pigments, dispersions and specialty chemical products
4. Circumstances after the merger
(1) Company name TOYO INK AMERICA, LLC
(2) Location of head office 1225 N. Michael Drive, Wood Dale, IL 60191 U.S.A.
(3) Capital or Invested Capital 61,083,039 USD
(4) Representative Hideki Okaichi
(5) Nature of business Manufacture and sale of printing inks, gravure inks, flexographic inks, PSA, adhesives and related products
Import and sale of pigments, dispersions and specialty chemical products
5. Effect on business results
There will be no impact on the Group’s consolidated business results for this term as this is a merger of the Group’s consolidated subsidiaries.