Idemitsu Kosan Co.,Ltd. entered into an business transfer agreement to acquire Gasoline and Kerosene business of Joyful Honda Co., Ltd.
February 02, 2020
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Idemitsu Kosan Co.,Ltd. (TSE:5019) entered into an business transfer agreement to acquire Gasoline and Kerosene business of Joyful Honda Co., Ltd on February 3, 2020. The consideration will be paid in cash. The transaction is expected to completed between April 1, 2020 to June 20, 2020.
Joyful Honda Co Ltd is engaged in the sales of housing products including materials and professional supplies, interior and living products, and garden and farm products, the design and construction of renovation work and the sales of related products, and the sales of living products including daily necessities, pets and leisure products. The Company operates home center business and housing renovation business. The stores include large-scale retail stores and specialty retail stores. The products include material and professional supplies such as lumber, construction materials, paints, tools, hardware, work supplies and electrical parts, daily necessities such as everyday consumables, sanitary products, medicines, health care products, beverages and alcoholic beverages, garden and farm products such as flower seedlings, vegetable seedlings, plants, culture soil, fertilizer, bricks and paving stones, interior and living products such as floors, walls, windows, furniture and others.