2019
Aug.9, 2019
MINEBEA MITSUMI Inc.
Announcement of acquisition of Mast Kunststoffe GmbH & Co. KG and Mast Verwaltungsgesellschaft mbH by a European subsidiary
MinebeaMitsumi Inc. (hereinafter "the Company") hereby announces that Precision Motors Deutsche Minebea GmbH, a European subsidiary of the Company, has reached an agreement to acquire Mast Kunststoffe GmbH & Co. KG (hereinafter "Mast KG"), a precision mold parts manufacturer, and Mast Verwaltungsgesellschaft mbH, a management-service trust company (hereinafter "Mast mbH").
1. Purpose of this transaction and future operation policy
Mast KG designs and analyses precision mold parts (gears, gearboxes, etc.), designs and manufactures molds, and manufactures and sells parts.
Our group's strength lies in the vertically integrated production, from mold manufacturing to the processing and assembly of parts. In Asia, in particular, we have realized the operation of mass production at large-scale plants. In April this year, we further expanded our business in the European Region as a result of the business integration with U-Shin Ltd.
Through this acquisition, we will strengthen our vertically integrated production system for precision mold components in the European Region, from mold designing to machining and mass production of precision mold parts, thereby realizing speedy local responses and productivity improvement. By combining Mast KG and our molds and molding technologies, the Company will realize synergies for the whole group not only in Europe but also other regions including Asia, our mass production base, to further improve quality and productivity.
2. Outline of Mast KG and Mast mbH
Outline of Mast KG
| (1) Company Name | Mast Kunststoffe GmbH & Co.KG |
|---|---|
| (2) Head office location | Holzstrasse 5, 88339 Bad Waldsee, Germany |
| (3) Representatives | Mr. Ulrich Mast / Mr. Peter Mast |
| (4) Year of establishment | 1964 |
| (5) Capital | 780,000 euros (as of the end of December 2018) |
| (6) Principal business | Precision resin mold parts manufacturing |
| (7) Number of Employees | 130 (as of June 30, 2019) |
| (8) Location | Production base: Germany |
| (9) Shareholders | Mr. Ulrich Mast 50%, Mr. Peter Mast 50% |
| (10) Net sales | Approximately 23 million euros (fiscal year ended December 2018) (Approximately 3 billion yen) |
Outline of Mast mbH
| (1) Company Name: | Mast Verwalthungsgesellschaft mbH |
|---|---|
| (2) Head office location | Holzstrasse 5, 88339 Bad Waldsee, Germany |
| (3) Representatives | Mr. Ulrich Mast/ Mr. Peter Mast |
| (4) Year of establishment | 2000 |
| (5) Capital | 25,000 euros (as of the end of December 2018) |
| (6) Principal business | Management service trust |
| (7) Number of Employees | 0 (as of June 30, 2019) |
| (8) Location | Germany |
| (9) Shareholders | Mr. Ulrich Mast 50%, Mr. Peter Mast 50% |
| (10) Net sales | Approximately 1,000 euros (fiscal year ended December 2018) |
3. Closing schedule in September 2019
Above is the current schedule subject to change, as the procedure proceeds hereafter, depending on reporting to the relevant German authorities, the acquisition of licenses, and other reasons.
4. Impact on Business Results
The impact of this acquisition on our business results is minimal.
| Company Name: | MINEBEA MITSUMI Inc. |
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479 TSE Div. No. 1) |
| Contact: | Takayuki Ishikawa General Manager Corporate Communications and Investor Relations Office |
| Phone: | +81-(0)3-6758-6703 |
Product information, contact and other context are subject to change without prior notice.
