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Pentagon Technologies Group now one of Kurita's equity method affiliates

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  • Pentagon Technologies Group now one of Kurita's equity method affiliates
    Image: Kurita Water Industries Ltd.

About the entity

Kurita Water Industries
Japanese manufacturer, providing water treatment chemicals and facilities as well as process treatment chemicals.
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Schneider Electric
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Themes

As announced in "Notice Regarding Acquisition of Shares of Precision Tool Cleaning Company in the U.S." on October 16, 2018, Kurita Water Industries Ltd. ("Kurita") signed an agreement on that date to acquire 25% of the outstanding shares of Pentagon Technologies Group, Inc. (Head Office, California, USA), which operates a precision tool cleaning business in the United States.

Kurita announced that the procedure for the acquisition pursuant to said agreement had reached completion on April 1, 2019 (U.S. Pacific Time). As a result of this acquisition, Pentagon Technologies Group, Inc. is now one of Kurita's equity method affiliates.