25th August, 2017

Tri-Wall Acquires Shares in Manufacturer of Heavy Duty Packaging Materials in the United Kingdom

We are pleased to announce that Tri-Wall Limited has acquired a 95.02% stake in Welsh Boxes and Engineering (Holding Company) Limited, the parent company of Welsh Boxes and Engineering Company Limited (both companies will be referred to hereafter as “Welsh Boxes”). Welsh Boxes is a manufacturer of heavy duty packaging materials in Wales, United Kingdom.

Welsh Boxes has its head office and plant in Swansea (Wales, United Kingdom). It manufactures and sells a range of products, including heavy duty and general purpose corrugated boxes, and timber packaging. It also sells miscellaneous packaging materials.

The Tri-Wall Group carries out its packaging materials business related to heavy duty corrugated packaging mainly in Asia and Europe. Up till now, Tri-Wall Europe Limited has been manufacturing and selling heavy duty corrugated board and boxes in the United Kingdom. By adding Welsh Boxes as a new converting plant, Tri-Wall aims to strengthen its supply system in the United Kingdom and Europe so as to meet an even wider range of packaging needs, and at the same time further expand its business.

Overview of Welsh Boxes and Engineering (Holding Company) Limited

• Address:2 Pleasant Road, Swansea, SA4 9WH, United Kingdom
• Representative:Gregory Franklyn Davies
• Shareholders:Tri-Wall Group (95.02%) and others
• Main business:Holding company

Overview of Welsh Boxes and Engineering Company Limited

• Address:2 Pleasant Road, Swansea, SA4 9WH, United Kingdom
• Representative:Gregory Franklyn Davies
• Shareholders:Welsh Boxes and Engineering (Holding Company) Limited 100％
• Main business:Manufacturing and sales of heavy duty and general purpose corrugated boxes,
  timber packaging, etc.
  Sales of miscellaneous packaging materials
• Net sales:5.868 million pounds (approx. 822 million yen) (actual sales in fiscal 2016)