March 3, 2014
Toray Industries, Inc.
Toray Completes Purchase of Zoltek Shares
Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo; President: Akihiro Nikkaku; hereinafter referred to as "Toray") announced today that it has completed the process of purchasing the entire stake in Zoltek Companies, Inc. (headquarters: St. Louis, Missouri, U.S.; President & CEO: Zsolt Rumy; hereinafter referred to as "Zoltek") on February 28, 2014 (U.S. local time), making the manufacturer of large tow carbon fibers a wholly owned subsidiary. The purchase was announced on September 27, 2013.
With the completion of the acquisition of the stake, the Zoltek shares are delisted from NASDAQ, though the company name of Zoltek remains unchanged.
The impact of the Zolteck share purchase on Toray’s consolidated business performance in the fiscal year ending March 31, 2014 is expected to be negligible.
(Reference) Profile of Zoltek
|(1) Name||:||Zoltek Companies, Inc.|
|(2) Business||:||Manufacture and distribution of large tow carbon fiber composite materials|
|(3) Location||:||St. Louis, Missouri, U.S.|
|(5) Representative||:||President & CEO Zsolt Rumy|
|(6) Capitalization||:||USD 344,000|
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