# Mitsubishi Materials completes full acquisition of MOLDINO Tool Engineering

Mitsubishi Materials Corporation acquired the remaining 49% stake in Mitsubishi Hitachi Tool Engineering (rebranded as MOLDINO Tool Engineering) from Hitachi Metals, making it a wholly owned subsidiary. The European subsidiary is now MOLDINO Tool Engineering Europe GmbH.

- Type: Acquisition
- Announced: 2021-02-19
- Where: Japan
- Status: completed
- Products: cutting tools for mould and die
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Mitsubishi Materials](https://endata.com/companies/8627.md) (acquirer)
- [Hitachi Metals, Ltd.](https://endata.com/companies/27153.md) (partner)
- [MOLDINO Tool Engineering](https://endata.com/companies/53353.md) (target)

## Sources

- [engineering-update.co.uk](https://engineering-update.co.uk/2021/02/19/mitsubishi-materials-moldino-uk-synergy/), 2021-02-19: "Mitsubishi Materials Corporation, which has held 51 percent of the shares in Mitsubishi Hitachi Tool Engineering since 2015, continued its acquisition of the remaining 49 percent held by Hitachi Metals"

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