Hanwa Co., Ltd.
Notice of Acquisition of Equity Interest in Associated Steel Group, LLC (Consolidation) and Additional Capital for Consolidated Subsidiaries
Announces acquisition of 347 million USD equity interest and HAMCO-led capital increase to consolidate ASG as a subsidiary. Acquisition ratio ranges from 50.1% to 100.0%; consolidation expected within the current term.
Key Figures
- Acquisition equity value: 347 million USD
- Acquired equity interest: 50.1%～100.0%
- Capital increase amount: 200,000 thousand USD～397,250 thousand USD
- Post-capital increase equity: 240,000 thousand USD～437,250 thousand USD
- Timeline: Contract date June 29, 2026
AI要約
Key points
Sanko Kogyo will acquire an equity stake in U.S. Associated Steel Group, LLC (ASG) jointly with DBJ, and will use HAMCO to complete a capital increase. Upon acquisition, ASG will become a consolidated subsidiary, expanding the business base centered on PEMB construction markets in the Americas. Total acquisition amount is 347 million USD, acquisition ratio 50.1%–100.0%, closing to be executed after clearance under U.S. antitrust laws.
Impact and outlook
ASG consolidation is planned to be completed within this term. The capital increase will be funded through HAMCO, and the impact on consolidated results for the fiscal year ending March 2027 is currently unknown. Please monitor subsequent disclosures.
Sanko Kogyo Co., Ltd.
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