# Shinwa acquires Daishin for about ¥1.3 billion

Shinwa announced the acquisition of Daishin, a manufacturer of plastic precision resin products for automotive parts, for approximately ¥1.294 billion, making Daishin a wholly owned subsidiary.

- Type: Acquisition
- Announced: 2019-01-22
- Where: Nagoya, Japan, Japan
- Value: $11.8M (1.29B JPY)
- Status: announced
- Products: plastic precision resin products for automotive parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Shinwa](https://endata.com/companies/36801.md) (acquirer)
- [Daishin](https://endata.com/companies/36802.md) (target)

## Sources

- [tfa.co.jp](https://tfa.co.jp/info/topics/2019/01/22/%E9%80%B2%E5%92%8C%E3%80%81%E7%B4%8413%E5%84%84%E5%86%86%E3%81%A7%E8%87%AA%E5%8B%95%E8%BB%8A%E9%83%A8%E5%93%81%E3%81%AE%E3%83%97%E3%83%A9%E3%82%B9%E3%83%81%E3%83%83%E3%82%AF%E7%B2%BE%E5%AF%86%E6%A8%B9/), 2019-01-22: "進和は、自動車部品のプラスチック精密樹脂製品の製造を行っているダイシンの発行済株式の一部取得により子会社化し、その後進和を株式交換完全親会社とし、ダイシンを株式交換完全子会社とする簡易株式交換を行うことを発表した。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.