Tanaka Kikinzoku Kogyo K.K acquires shares of Metalor Technologies
Tanaka Kikinzoku Kogyo K.K, one of the core companies of the Tanaka Precious Metals group based in Japan, has announced that it has signed a contract to purchase 100 percent of the outstanding shares of the Swiss-based Metalor Technologies International SA, a company also active in the precious metals market.
Tanaka Kikinzoku Kogyo K.K. develops and sells products containing precious metals which are essential components for a wide range of industries, including automobiles, communications devices, household appliances, energy and semiconductors. The company also recovers and refines precious metals from various types of industrial scrap.
Metalor is a corporation based in Switzerland with a global reach and a diversified portfolio of activities. It operates three main core businesses; recovery and refining, manufacturing electrical contacts, and manufacturing plating solutions and plating equipment. Its recovery and refining business focuses on recovering and refining high-purity precious metal bullion in the North American, European and Asian markets. Metalor has also earned an excellent reputation, particularly in Europe, for its sophisticated proprietary technologies relating to the production of electrical contacts containing silver alloys. Finally, Metalor manufactures and sells plating solutions containing precious metals and related plating equipment. The plating solution/equipment division has established itself as a leader in the European decorative field, a market in which Tanaka Kikinzoku Kogyo K.K. has yet to compete.
The acquisition of Metalor will enable Tanaka Kikinzoku Kogyo K.K. to expand its recovery and refining business into new geographic regions in North America, Europe and Asia in which Tanaka has not yet established a base, and furthermore, to accelerate sales of all of its products and services to Metalor's blue-chip customers. By optimally combining the operations of both companies in the fields of electrical contacts and surface treatment "” businesses in which both companies boast significant expertise "” Tanaka Kikinzoku Kogyo K.K. intends to better cater to the needs of its customers worldwide. By enlarging its global footprint, especially in North America and Europe, Tanaka Kikinzoku Kogyo K.K. aims to improve top-line growth and profitability.
Tanaka Kikinzoku Kogyo K.K. Representative Director and CEO, Akira Tanae ; "Tanaka Kikinzoku Kogyo K.K. and Metalor have both developed as corporations engaged in the refinement and processing of precious metals since our respective establishments in the nineteenth century. Based on a thorough consideration by both parties, the decision was made that Metalor and its subsidiaries would become a part of the Tanaka Precious Metals group.
Tanaka Kikinzoku Kogyo K.K. and Metalor offer highly complementary aspects both in terms of business and regional strategy. We anticipate creating significant synergies which will open new avenues for innovative global strategies for the expanded Tanaka Precious Metals group. We firmly believe that this step will greatly benefit the precious metals industry as a whole."
Metalor Technologies International SA, CEO, Philippe Royer; "The Tanaka group is definitely the best possible shareholder for Metalor. Both companies enjoy a very strong reputation which is a key factor in the precious metals business. In addition, our businesses are complementary in both geography and markets.
Thanks to the previous shareholders, Metalor has been able to invest extensively in Europe as well as in Asia and in the Americas. The Tanaka group will bring a new level of shareholder stability and technological mastery. The entire Metalor team supports this transaction and we hope it will close as soon as possible."
