Kokuyo launches unsolicited bid for Pentel
| 19 November, 2019
Major Japanese stationery manufacturer Kokuyo has announced that it aims to take a majority stake in Pentel.
Kokuyo currently has a 37% stake in Pentel, which it took earlier this year.
Kokuyo believes that the combined company would be better placed in the domestic Japanese market, as well as increase its presence overseas. Kokuyo’s international sales are 10% of its total sales, compared to 60% for Pentel.
Pentel said that it was examining the contents of the announcement.