Toyo Ink SC Holdings Co., Ltd. announced that it and its consolidated subsidiary Toyo Ink (Thailand) Co., Ltd. concluded a share purchase agreement to wholly acquire Thai Eurocoat Ltd.
Thai Eurocoat is a manufacturer of external coatings for non-printed cans in the Thai canned food market. Following the transfer of shares, Thai Eurocoat, which is based in Samut Sakhon province, will retain its name and operate as a business unit of Bangkok-based Toyo Ink Thailand.
Toyo Ink SC Holdings Co., Ltd. is the Japan-based parent company of the specialty chemicals company Toyo Ink Group.
To meet with increases in future demand, the Toyo Ink Group seeks to leverage its own technological strengths with the product commercialization capability of Thai Eurocoat, according to the company.
“We‘re pleased to welcome Thai Eurocoat to the Toyo Ink Group family,” said Jun Mikoshiba, president of Toyo Ink Thailand. “Thai Eurocoat has a solid reputation among its customers for its product customization and commercialization knowhow based on a strong customer-focused approach to product development. By combining our strengths, we aim to further reinforce our capability to resolve customers’ issues with innovative metal packaging solutions that our customers will continue to trust.”