Daishowa America’s parent merges with former rival in Japan; little effect on Port Angeles operations

The merger of Daishowa America Co. Ltd.’s parent company and Nippon Unipac Holding Co. will be completed April 1, creating the largest paper-making company in Japan and seventh largest in the world.

Since announcing the move in March 2000, Daishowa, which produces telephone-book paper at its Port Angeles plant, and Nippon have been integrating components of both companies, said Teruo (David) Tamaki, president of Port Angeles-based Daishowa America.

Daishowa America is one of four Daishowa Paper Manufacturing subsidiaries in the United States and Canada. The merger was consummated through a $1.08 billion exchange of shares.

As of April 1, the Daishowa name will vanish in Japan, replaced by Nippon Paper Industries Ltd.

But Tamaki said merger day will come and go at the Ediz Hook mill with “business as usual on the day of the merger and after that.”

——————

The rest of the story appears in the Sunday Peninsula Daily News. Click on SUBSCRIBE, above, to get the PDN delivered or mailed to your home or office.

More in News

Firefighters battle two blazes near Sequim

Firefighters with Clallam County Fire District No. 3 knocked down… Continue reading

EYE ON JEFFERSON: County to hold public hearing on code of conduct

The three Jefferson County commissioners will conduct a public hearing on a… Continue reading

EYE ON CLALLAM: Port Angeles council to hear housing needs assessment

The Port Angeles City Council will receive a housing needs assessment at… Continue reading

Mini-grants awarded to Clallam County teachers

The Clallam County School Retirees’ Association recently announced the… Continue reading

NEWS BRIEFS: President’s Day protest planned … and other items

A protest of President Donald Trump’s declaration of an emergency… Continue reading

Most Read