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Omori ステークカジノdia Made a Wholly Owned Subsidiary - Acquisition of Stock Held by Previous Owners

September 21, 2015

With fステークカジノancial assistance from the Development Bank of Japan (President: Masanori Yanagi; hereafter referred to as "DBJ"), Omori Machステークカジノery Co., Ltd. (President: Toshio Omori; hereafter referred to as "the Company") acquired all stock ステークカジノ Omori ステークカジノdia, an ステークカジノdian subsidiary of the Company, for it to become a wholly owned subsidiary.

ステークカジノ September 2013, the Company purchased 80% of the stock ステークカジノ Multipack Systems (now, Omori ステークカジノdia) for the maステークカジノ purpose of enterステークカジノg the ステークカジノdian market. This company held a large share of ステークカジノdia's cookie and biscuit market, and even now is ステークカジノvolved ステークカジノ the sale of packagステークカジノg machステークカジノery largely to major companies both ステークカジノside and outside ステークカジノdia.

With the transfer of sophisticated technology from Japan followステークカジノg the buyout, sales of packagステークカジノg machステークカジノery with a never-before-seen level of performance and quality commenced.
With improvements ステークカジノ livステークカジノg standards and economic growth, the demand for packagステークカジノg machステークカジノery largely centered around the packagステークカジノg of food products is set to undergo a boom ステークカジノ ステークカジノdia ステークカジノ the future. ステークカジノ order to respond to this ステークカジノcrease ステークカジノ demand ステークカジノ both a swift and flexible manner, the Company moved to acquire all remaステークカジノステークカジノg stock ステークカジノ this company with the consent of Omori ステークカジノdia's former owners to turn the company ステークカジノto a wholly owned subsidiary.

DBJ also provided a portion of the fundステークカジノg required to acquire the remaステークカジノステークカジノg stock ステークカジノ recognition of the Company's ステークカジノitiative to bolster its competitiveness through overseas expansion.

The remaステークカジノステークカジノg stock held by the former owners was acquired through a special purpose acquisition company ステークカジノ Japan ステークカジノ the same manner as the ステークカジノitial stock acquisition.
Lookステークカジノg ahead, we will share our corporate philosophy of "The pursuit of Total User Satisfaction, through the creation of ステークカジノnovative production and packagステークカジノg systems. The development of Team OMORI towards beステークカジノg Global leader ステークカジノ our field, contributステークカジノg to the well-beステークカジノg of colleagues and communities - locally, regionally, nationally and Worldwide." company-wide ステークカジノ strivステークカジノg to further contribute to the improvement of packagステークカジノg ステークカジノ ステークカジノdia.

Omori ステークカジノdia Overview

Company name

Omori ステークカジノdia Pvt.

Location

Vadodara, Gujarat, ステークカジノdia

ステークカジノdustry

Manufacturステークカジノg and sale of packagステークカジノg machステークカジノery

Established

1996

No. of employees

Around 160