Notice of Acquisition of Majority Stake in Riken Taishan by Sankyo Rikagaku

(President and Representative Director: Hiroshi Tomimasu; Head Office: Okegawa, Saitama, Japan; hereinafter referred to as Sankyo Rikagaku") today announced that it has agreed with RIKEN CORUNDUM CORPORATION (President and Representative Director: Fumio Masuda; Head Office: Konosu, Saitama, Japan) and Zibo China Polishing Tools Ltd. (Head Office: Zibo, Shandong, China) have agreed to acquire shares of RIKEN TECHNOS CORPORATION (hereinafter referred to as "RIKEN TECHNOS") and have concluded a share transfer agreement.
The transaction is scheduled to close in May 2022, subject to the prescribed procedures. As a result, Sankyo Rikagaku will hold 53% of Riken Taishan's shares.

Sankyo Rikagaku, headquartered in Okegawa City, Saitama Prefecture, is Japan's leading comprehensive abrasives manufacturer, supplying FUJISTAR brand abrasives worldwide based on a solid customer base built up over 90 years.
RIKEN TAISHAN has a global presence based on the strength of its technological capabilities and production capacity, which it has developed over the past 20 years as an abrasives manufacturer based in Shandong Province, China. Through this share acquisition, Sankyo Rikagaku aims to become the No. 1 polishing solution provider in Asia by pursuing synergies that leverage the strengths of both companies to strengthen competitiveness and further expand business both in Japan and overseas.

Further details on the closing of this transaction will be announced as soon as they are finalized.

【For inquiries regarding this matter, please contact】
Sankyo Rikagaku Co.
[email protected]