Resonac Transfers Shares in Its Subsidiary Handling Secondary Battery Packaging Materials and Food Packaging Materials
February 03, 2025
Resonac Holdings Corporation
Resonac Corporation (President: Hidehito Takahashi, 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. (President: Yoshinari Kitajima, hereinafter “DNP”) as of February 3, 2025 (hereinafter “the Share Transfer”). The details are as follows.
1. 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, we carefully considered all options regarding the allocation of optimal management resources and business portfolio management. As a result, we 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.
We anticipate that the impact of the Share Transfer on Resonac’s performance will be insignificant.
2. 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
3. Overview of the Target Company
Company name | Resonac Packaging Corporation |
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Head office | 60 Kiyosaki, Hikone City, Shiga Prefecture |
Representative | Satoyoshi Iijima, President, Representative Director |
Scope of business | Manufacturing and selling of packaging materials for secondary batteries, food packaging, and containers |
Capital | 1.7 billion yen |
Establishment | October 1, 1959 |
4. Overview of the Transferee Company
Company name | Dai Nippon Printing Co., Ltd. |
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Head office | 1-1-1, Ichigaya-Kagacho, Shinjuku-ku, Tokyo |
Representative | Yoshinari Kitajima, President |
Scope of business | Smart Communication, Life & Healthcare, Electronics Business |
Capital | 114.464 billion yen |
Establishment | January 19, 1894 |
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