News
2025/2/6
Resonac Transfers Shares in Its Subsidiary Handling Secondary Battery Packaging Materials and Food Packaging Materials
Resonac Corporation (hereinafter "Resonac") has transferred all shares in Resonac Packaging Corporation (hereinafter "the Target Company"), a wholly-owned subsidiary engaged in the business of secondary battery packaging materials and food packaging materials, to Dai Nippon Printing Co., Ltd. (hereinafter "DNP") as of February 3, 2025 (hereinafter "the Share Transfer"). The details are as follows.
- Background and Purpose of the Consideration
The Target Company has been engaged in the business of manufacturing and selling products related to packaging materials for secondary batteries, as well as food packaging materials and food containers (hereinafter "this Business").
The Resonac Group aims to contribute to a sustainable society as a world-class functional chemical manufacturer, as indicated in its “Long-term Vision for Newly Integrated Company (2021-2030).” To achieve this vision, the Group continuously reviews its business portfolio to pursue sustainable growth.
Based on this vision, the company carefully considered all options regarding the allocation of optimal management resources and business portfolio management. As a result, it determined that expanding this Business under the leadership of DNP, which has extensive knowledge and experience in this field, would be optimal for all stakeholders. We are confident that becoming a part of the DNP Group and pursuing synergies with the DNP Group’s businesses will enable the Target Company to provide even greater added value.
It anticipates that the impact of the Share Transfer on Resonac's performance will be insignificant. - Overview of the Share Transfer
1)Transferred Shares: All issued shares in the Target Company (100%)
2)Execution Date of the Share Transfer: February 3, 2025
- Category
- Headline News
