Japan-based packaging company RAKSUL has entered into a share purchase agreement to acquire all shares of Marutama and Marutama Wel, from shareholders Yoshitaka Yamashita and Sayaka Yamashita.
The integration of Marutama and Marutama Wel into RAKSUL’s operations is expected to strengthen the company’s manufacturing and sales capabilities in the paper shopping bag sector.
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This sector shares a significant customer base with RAKSUL’s core cardboard segment in the procurement platform. The company anticipates that this acquisition will not only expand its market share but also create valuable synergies and enhance customer value.
The decision, made at an investment committee meeting, aims to enhance RAKSUL’s packaging business by providing a competitive edge through mergers and acquisitions (M&As).
It aligns with the company’s ‘Medium-Term Financial Policy’ announced in March 2024.
Marutama, based in Gifu City, Japan, specialises in the design, production, import, and sale of original paper shopping bags.
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By GlobalDataThe acquisition is set to leverage Marutama’s expertise in standardising manufacturing operations and providing support and skills honed through its association with Marutama Wel, which provides employment support for individuals with disabilities.
The share transfer is set for 1 August 2025. RAKSUL confirms that this acquisition will not impact its consolidated financial results for the fiscal year ending 31 July 2025.
Marutama and Marutama Wel have disclosed a consolidated revenue of Y983m ($6.8m) and a net income of Y55m for the period ending 30 June 2024. The companies’ total assets were reported at Y958m, with total common equity amounting to Y803m.
