Tokai Carbon Co (JP:5301) has released an update.
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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.
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