Tokai Carbon Co (JP:5301) has released an update.
Tokai Carbon Co., Ltd. has announced the acquisition of 100% of shares in KBR, Inc., a U.S. graphite machining company, which also includes a 59.8% stake in MWI, Inc. The acquisition aligns with Tokai Carbon’s T-2026 Mid-Term Management Plan to enhance their business portfolio and establish a stronger presence in the U.S. fine carbon market. Completion of the acquisition is scheduled for September 2024, with minimal impact expected on the fiscal year 2024 performance.
For further insights into JP:5301 stock, check out TipRanks’ Stock Analysis page.