Kimura Foundry has sold 35 % of its shares in Kimura Foundry America to Sumitomo Corporation
Tokyo – Frontier Management Inc. (CFI Japan) is pleased to announce that they acted as financial advisor to Kimura Foundry in the sale of 35% of its shares in Kimura Foundry America to Sumitomo Corporation.
Kimura Foundry was established in 1927 by Tsunejiro Kimura. The company manufactures and sells castings for automotive press dies, machine tools and industrial machines, energy related castings, castings made using 3D printers (DMP) and monuments and figures made using polystyrene foam (KDW). Kimura Foundry has almost 1 000 employees at 12 locations.
Kimura Foundry America, Inc. factory in Shelbyville, Indiana is a subsidiary of Kimura Foundry Co. Ltd. The company uses 3D printing technology to manufacture prototype casting for a variety of industries, including automotive, agricultural, and gas and oil.
Sumitomo Corporation has six busienss fields: metal products, transportation & construction systems, infrastructure, media & digital, living related & real estate and mineral resources, energy,chemical & electronics.
The transaction closed in September 2020.
Related
Industrials
has sold 35% of its shares in
to
Transaction details
Kimura Foundry, which manufactures and sells castings, has sold 35 % of its shares in Kimura Foundry America to Sumitomo Corporation
This transaction was advised by:
Kei Otabe
Managing DirectorOur latest transactions
Business Services
has been acquired by
Transaction details
Hydrographic and geological surveys provider Clinton Marine Survey welcomes Sobro as its new ownership partner
Business Services
has been acquired by
Transaction details
Swedish HR and staffing expert Prodea has been acquired by Consolid
Food & Beverage & Agribusiness
have acquired
Transaction details
French bakery group Occipain (La Panetière) has been acquired by Arterris, UI Investissement and Crédit Mutuel Equity to fuel the next stage of its growth