# Showa Aluminum Can agrees to buy 20% stake in Universal Can from Hokkan

Showa Aluminum Can agreed to acquire a 20% stake (16,000 shares) in Universal Can Corporation from Hokkan Holdings. Completion is planned for March 31, 2022. The deal was reported November 24, 2021, with no value disclosed.

- Type: Acquisition
- Announced: 2021-11-24
- Where: Tokyo, Japan
- Status: announced
- Products: aluminum beverage cans
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Apollo Global Management](https://endata.com/companies/3851.md) (investor)
- [Showa Aluminum Can](https://endata.com/companies/8624.md) (acquirer)
- [Universal Can](https://endata.com/companies/8625.md) (target)
- [Hokkan Holdings](https://endata.com/companies/8626.md) (partner)
- [Mitsubishi Materials](https://endata.com/companies/8627.md) (partner)
- [Mitsubishi Aluminum](https://endata.com/companies/8628.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HOKKAN-HOLDINGS-LIMITED-6494866/news/Showa-Aluminum-Can-Corp-agreed-to-acquire-a-20-stake-in-Universal-Can-Corporation-from-Hokkan-Hold-37144389/), 2021-11-24: "Showa Aluminum Can Corp. agreed to acquire a 20% stake in Universal Can Corporation from Hokkan Holdings Limited."
- [apollo.com](https://www.apollo.com/insights-news/pressreleases/2021/11/showa-aluminum-a-portfolio-company-owned-by-apollo-funds-to-acquire-mitsubishi-materials-aluminum-business), 2021-11-25: "has entered into a series of definitive agreements to acquire the Aluminum Rolled & Extruded Products Business of Mitsubishi Aluminum Co., Ltd."
- [cbinsights.com](https://www.cbinsights.com/company/universal-can-corporation), 2021-11-27: "On November 27th, 2021, Universal Can Corporation was acquired by Showa Aluminum Can Corporation. The terms of the transaction were not disclosed."

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