Okamoto Industries to acquire remaining 48% of stake in Riken Corundum for $15m.

Synopsis

Okamoto Industries, a Japan-based company mainly engaged in the manufacture and sale of industrial products and household goods, agreed to acquire remaining 48% of stake in Riken Corundum, a manufacturer and seller of abrasive papers and abrasive cloths, as well as office automation equipment parts, for $15m.

Principals

target

Riken Corundum

bidder

Okamoto Industries

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