Daio Paper acquires the Paper Products Business of Nisshinbo Holdings

January 18, 2017

Daio Paper Corporation has acquired the Paper Products Business of Nisshinbo Holdings Inc. with plans to grow and accelerate the Home and Personal Care Business. The transaction value is ¥ 25 billion>

Nisshinbo Holdings operates four tissue mills with annual sales of ¥ 30 billion.

Furthermore, with the new household paper machine in Kawanoe Mill scheduled to operate in October 2018, Daio Paper will strive for the prompt realization of its goal to achieve the No.1 share position in every category of the household paper market.