Yamae Hisano to acquire Hivic from Polaris Capital for $77m.

Yamae Hisano, Japanese food products wholesaler has agreed to acquire Hivic, timber products provider, from Polaris Capital for $77m. This acquisition would enable YHC to enter into “home”-related business in Kanto-area, a significant progress in YHC’s long term strategy of expansion to the markets outside of Kyushu, to enjoy various synergy effects in procurements, human resources and know-how and, as a result, to increase YHC’s enterprise value through the growth of business of both companies.