Japan Pulp and Paper Company Limited
  • About OVOL
    About OVOL
    • OVOL Brand & Corporate Philosophy
    • About Us
    • Group Profile Video
  • About Us
    About Us
    • Message from the President
    • Corporate Philosophy
    • Corporate Profile
    • Directors & Senior Management
    • History
    • Organizational Structure
    • Office Locations
    • Group Profile Video
    • OVOL Vision 2030
    • Medium-term Business Plan 2026
    • Integrated Report
  • Our Business
    Our
    Business
    • Japan Wholesaling
    • Non-Japan Wholesaling
    • Paper Manufacturing & Processing
    • Group Companies
    • Raw Materials & Environment
    • Real Estate Leasing
    • ICT System Development
  • News
  • Sustainability
    Sustainability
    • Sustainable Management
    • Environment
    • Society
    • Employees
    • Governance
    • ESG Data
    • Various Policies
  • Investor Relations
    Investor
    Relations
    • Message from the President
    • Stock Information
    • Stock Quotes
    • Credit Ratings
    • Financial Highlights
    • Financial Results
    • Integrated Report
    • Approach to Cross-Shareholdings
  • ENG
  • JPN
  • Home
  • News
  • Acquisition of Shares in CAS Technology Pte Ltd in Singapore and Conversion to Subsidiary

News Release

  • The information provided herein was current at the time of its announcement.
    Please note that this information may be subject to change without notice.
  • 2024.01.05
  • Japan Pulp & Paper Co., Ltd.

Acquisition of Shares in CAS Technology Pte Ltd in Singapore and Conversion to Subsidiary

Japan Pulp & Paper Co., Ltd. (Head Office: Tokyo, Japan; Representative Director President & CEO: Akihiko Watanabe; hereinafter “the Company”) hereby announces that OVOL Singapore Pte Ltd (Head Office: Singapore; CEO: Genevieve Chua; hereinafter “OVOL SG”), a consolidated subsidiary of the Company, has acquired shares in CAS Technology Pte Ltd (Head Office: Singapore; hereinafter “CAS Tech”), a sign & display hardware sales and technical services company operating in Singapore.

1. Background and Purpose

One of the policies of the Non-Japan Wholesaling segment in Medium-term Business Plan 2023 is to strengthen sales of high-value-added products such as sign & display media and hardware, and packaging by incorporating complementary M&A into the existing sales network, and this acquisition of shares is in line with that policy.

2. Outline

Overview of the Transferor of Shares

Name CAS Technology Pte Ltd
Head Office Location Singapore
Representative Sia Siak Yong
Business Outline Sign & display hardware sales and technical services

Overview of the Acquirer of Shares

Name OVOL Singapore Pte Ltd
Head Office Location Singapore
Representative Genevieve Chua
Business Outline Wholesale of paper and packaging materials and sale of sign & display media

OVOL SG is a leading company in the paper distribution industry in Singapore and has recently been diversifying its business by focusing on sign and display media sales. With this acquisition of shares, the OVOL Japan Pulp & Paper Group will be able to make inroads into the Singapore sign and display market, not only through traditional media sales, but also through hardware sales and technical services. With this we will be able to further expand our customer service and sales base by acquiring the strong hardware supplier base and technical service know-how of CAS Tech, a market leader, and by combining this with our existing media sales to provide a one-stop solution.
In addition to its mainstay paper and packaging materials wholesale business, OVOL SG aims to achieve further growth by diversifying its business through the thermal transfer ribbon processing business at Transam Industries, which became a group company in 2023, and the sign and display business at CAS Tech, which it has acquired this time.

For inquiries regarding this matter, please contact:
The Japan Pulp & Paper Co., Ltd. Public Relations Office on +81-3-5548-4026

Back to index
  • All
  • News Release
  • Information
  • IR News
  • Privacy Policy
  • GDPR Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Accessibility
  • Site Map
© Japan Pulp & Paper Co., Ltd.
Japan Pulp and Paper Company Limited
About OVOL
About Us
Our Business
News
Sustainability
Investor Relations
Contact Us
  • ENG
  • JPN
Japan Pulp and Paper Company Limited