M&A Deal Summary

Ishizuka Glass Acquires Narumi

On February 23, 2015, Ishizuka Glass acquired manufacturer Narumi from Trustar Capital

Acquisition Highlights
  • This is Ishizuka Glass’ 1st transaction in the Manufacturing sector.
  • This is Ishizuka Glass’ 1st transaction in Japan.

M&A Deal Summary

Date 2015-02-23
Target Narumi
Sector Manufacturing
Buyer(s) Ishizuka Glass
Sellers(s) Trustar Capital
Deal Type Add-on Acquisition

Target

Narumi

Nagoya, Japan
Narumi Corp. is a Japanese manufacturers of tableware products.

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Buyer(S) 1

Buyer

Ishizuka Glass

Iwakura, Japan

Category Company
Founded 1819
Sector Packaging
Employees1,816
Revenue 56.0B JPY (2025)
DESCRIPTION

Ishizuka Glass is a distribution of glass containers, glass tableware, plastic containers, ceramic products, and their processed products. Ishizuka Glass was founded in 1819 and is based in Iwakura, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 7 of 28
Sector: Manufacturing M&A 3 of 5
Type: Add-on Acquisition M&A Deals 5 of 12
Country: Japan M&A 3 of 8
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-08 Moritex

Saitama, Japan

Moritex manufactures businesses related to applied optical equipment and functional materials. Moritex was founded in 1973 and is based in Saitama, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 OmniVision

Santa Clara, California, United States

OmniVision Technologies is a developer of advanced digital imaging solutions. Its CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, notebooks, netbooks and webcams, security and surveillance, entertainment, digital still and video cameras, automotive and medical imaging systems. OmniVision was founded in 1995 and is based in Santa Clara, California.

Buy $1.9B