# NIKKE to fully acquire nonwoven and felt maker Fujiko

NIKKE will make Fujiko, in which it holds a 32.95% stake, a wholly owned subsidiary through a share exchange effective September 1, 2021, to strengthen their nonwoven fabric business and capture automotive and environmental markets.

- Type: Acquisition
- Announced: 2021-05-13
- Where: Japan
- Status: announced
- Products: nonwoven fabrics, felt, heat-resistant insulation, battery electrode felt
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NIKKE](https://endata.com/companies/55070.md) (acquirer)
- [Fujiko](https://endata.com/companies/55071.md) (target)

## Sources

- [maonline.jp](https://maonline.jp/news/20210513c), 2021-05-12: "ニッケは13日、持ち分法適用関連会社で株式32.95％を保有するフジコーを株式交換により9月1日付で完全子会社化すると発表した。"

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