SUMIDA News: April 2018
Notice on basic M&A agreement with Pontiac Coil Inc. and establishment of a new subsidiary
April 18th 2018 Press ReleaseWe are pleased to announce that Sumida Group, based on the resolution of the representative executive officer has reached a basic agreement today with Pontiac Coil Inc. in the United States (hereinafter called “Pontiac”) over the acquisition of 100 percent of Pontiac shares by SUMIDA AMERICA HOLDINGS INC., a Specific Purpose Company to be established as a wholly-owned subsidiary of SUMIDA CORPORATION.