Nissha Printing Co., Ltd. (hereinafter, the “Company”) hereby announces that the share acquisition of Schuster Kunststofftechnik GmbH (hereinafter, “Schuster”) engaged in the manufacturing and sales of automobile interior plastic molded components mainly in Europe, and Back Stickers GmbH including its related group companies (hereinafter, “Back Stickers Group”), engaged in the manufacturing and sales of decorative films, has been completed and making them subsidiaries through Nissha Europe GmbH, the Company’s consolidated subsidiary, dated as of October 31, 2016, in accordance with the "Notice Regarding Nissha Europe GmbH’s Conclusion of Share Purchase Agreement with Schuster Kunststofftechnik GmbH and Back Stickers GmbH" previously disclosed dated as of September 26, 2016.
Through this acquisition, the Company’s Industrial Materials business unit has established manufacturing bases in Europe which is important to the automotive market complementing its existing network in Asia, North America, and Central and South America. In the future, the Company is planning to integrate Schuster and Back Stickers Group decoration technology, production know-how and sales channels with the Company’s existing network for the purpose of expanding its business in the automotive market.