2013

Announcement of Merger of Consolidated Overseas Subsidiaries

Announced: Jan. 15, 2013

Published: Jan. 15, 2013

TOYO INK SC HOLDINGS CO., LTD.

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.

[Inquiries]
Shinichiro Nakatsuji / Yasushi Yoshizawa
Group Corporate Planning Department
TOYO INK SC HOLDINGS CO., LTD.
TEL +81-3-3272-5891

[Press, publishers, and the general public]
Takehiko Watanabe / Yoshiro Hayashi
Corporate Communication Department
TOYO INK SC HOLDINGS CO., LTD.
TEL +81-3-3272-5720

PDF file(PDF: 70.4KB)

Adobe Reader is required to see the PDF data.

Download Adobe Reader

Update: Jan. 15, 2013