– KYORITSU has acquired all shares of Sanin Create, a company that develops and manufactures recycled plastic products, on April 1st.
– Sanin Create collects polypropylene (PP) for recycled products and agricultural materials for recycling, and KYORITSU plans to use this system to expand the distribution of recycled plastic products nationwide.
– The acquisition price has not been disclosed.
– Sanin Create also develops new synthetic resins using waste plastic and manufactures high-calorie solid fuel “RPF,” as well as operating an industrial waste disposal site.
– Sanin Create was established in 1983 and has a 40-year history.

As an M&A advisor, it seems that KYORITSU’s acquisition of Sanin Create is a strategic move to expand their business in the recycled plastic industry. By utilizing Sanin Create’s collection system for recycled materials, KYORITSU can strengthen their supply chain and potentially increase their market share in the industry. Additionally, Sanin Create’s expertise in developing new synthetic resins and manufacturing solid fuel can also bring new opportunities for KYORITSU’s business growth.