JAPAN (News release) -- Rengo has acquired 100% of the shares issued by Nagai Tekko Co., Ltd., making Nagai Tekko a Rengo subsidiary.

Nagai Tekko is a machine manufacturer that designs and manufactures winders, rolls, and other equipment used in paperboard mills. It has strengths in the design of machines and development of control systems and delivers high-performance and high-quality machines to paperboard manufacturers.

In the future, Rengo will support the further stabilization of Nagai Tekko's management, and at the same time, strengthen collaboration with the company in the aspect of technology to improve technological development capabilities within the Rengo Group.