Shindaiwa/Kioritz Alliance

kioritz_shindaiwa.gifToday it was announced that Shindaiwa Corporation (Shindaiwa) has entered into a business and shareholding alliance with Kioritz Corporation (Kioritz).

Shindaiwa and Kioritz, both publicly traded companies on the Tokyo Stock Exchange, are leading global manufacturers of premium outdoor power equipment including trimmers, chainsaws, power blowers, hedge clippers and related products.

In addition to initial mutual investments of approximately $2 million in each other’s common stock, the alliance will focus on working together to develop and implement future mutually beneficial product and operational programs.

press-release Shindaiwa and Kioritz

May 2007

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