# Daiwabo Holdings sells 85% of Daiwabo Spinning to Asparanto Group

Daiwabo Holdings announced in November 2023 it will sell 85% of its subsidiary Daiwabo Spinning to investment firm Asparanto Group, effective January 18, 2024.

- Type: Acquisition
- Announced: 2023-11-01
- Where: Japan
- Status: announced
- Products: polypropylene short fibers, spunlace nonwovens, thermal bond nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Daiwabo Holdings](https://endata.com/companies/74654.md)
- [Daiwabo Spinning](https://endata.com/companies/74655.md) (target)
- [Asparanto Group](https://endata.com/companies/74656.md) (acquirer)

## Sources

- [sen-i-news.co.jp](https://www.sen-i-news.co.jp/seninews/view/?article=398219), 2023-12-25: "11月にはダイワボウホールディングス（ＨＤ）が繊維事業会社である大和紡績の株式85％を投資会社のアスパラントグループ（東京都港区）に24年1月18日付で譲渡することを発表した。"

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