31.10.2017

TAMURA CORPORATION (hereinafter “Tamura”) announces the conclusion of a contract to acquire the limited partnership interest in Elsold GmbH & Co. KG (hereinafter “ELS”), a solder manufacturer in Gemany as of 31 October 2017, through our holding company TAMURA DEUTSCHLAND GmbH.

Reasons behind the acquisition

We are in the middle of our 11th mid-term plan “Biltrite Tamura GROWING” (2016～2018), in which we targeted to increase our non-Japanese business beyond 30% of total sales, and with Tamura’s long term vision of the centenary (2024) in mind, we are aiming to build a suitable global corporate framework to facilitate this growth. Tamura’s electronic chemicals business sector is set to expand sales in high added value assembly material such as solder paste, and has held the vision to expand the overseas production capacity of electronic chemicals since the second year of the mid-term plan. ELS has a manufacturing base in Germany producing solders for electronic components / automotive parts, and has a proud record in supplying German and other European companies. As a result of this limited partnership interest acquisition, Tamura intends to assist ELS in expanding their solder bar and wire sales using Tamura’s existing sales network in Asia including ASEAN region, as well as utilizing ELS’s sales network and manufacturing base to accelerate Tamura’s electronic chemical product expansion in Europe.