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Japanese Nitto Seiko Acquires KYOEI
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2016-11-22
Nitto Seiko Co. Ltd acquired the Japanese bolt maker KYOEI and its stocks in October. Both companies will work together to establish a mechanism for market and product expansion, expanding their fastener business. Nitto Seiko has acquired 51% of KYOEI's stocks. After the acquisition, Nitto Seiko will send its employees to KYOEI, but KYOEI's staff will remain unchanged.
Nitto Seiko has started the "Nitto Power Up FINAL" 4-year mid-term business plan since 2015, attempting to expand its fastener product line and target market. KYOEI is making an attempt to shift to a high-value-add fastener maker.
 
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