Mizuho completed the acquisition of a 50% stake in PLM from Marubeni for $145m.

Mizuho Leasing, which provides finance, operating, automobile, real estate and other services, completed the acquisition of a 50% stake in PLM Trailer Leasing, which offers the largest selection of multi-temp, single-temp, and eco-friendly electric trailers, from Marubeni, a trading company with business divisions in iron and steel, information technology, utility and infrastructure, energy, food and others sectors, for $145m. "We are thrilled to continue our partnership with Marubeni America Corporation and welcome Mizuho Leasing. This partnership strengthens PLM's position as an industry leader, providing refrigerated fleet management and leasing solutions to the supply chain," Keith Shipp, PLM President and CEO.