# Rengo acquires 70% of corrugated packaging maker Nitto Danboru

Rengo Co., Ltd. acquired 70% of the shares of Nitto Danboru Co., Ltd., a corrugated packaging manufacturer based in Okegawa, Saitama Prefecture, making it a subsidiary.

- Type: Acquisition
- Announced: 2023-03-02
- Where: Okegawa, Saitama Prefecture, Japan
- Status: completed
- Products: corrugated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Rengo](https://endata.com/companies/1314.md) (acquirer)
- [Nitto Danboru](https://endata.com/companies/10325.md) (target)

## Sources

- [pulpapernews.com](https://www.pulpapernews.com/20230302/14382/rengo-acquires-nitto-danboru-japan), 2023-03-02: "Rengo Co., Ltd. announces that it has acquired 70% of the shares issued by Nitto Danboru Co., Ltd., making Nitto Danboru a Rengo subsidiary."

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