Mabuchi Industry to acquire Hanwa Steel Service

Mabuchi Motor Co., Ltd. (Mabuchi Motor) announced that it has reached an agreement to acquire Hanwa Steel Service (Jiangxi) Co., Ltd. (Hanwa Steel Service), a Chinese subsidiary of Hanwa Co., Ltd. (Hanwa). Mabuchi Motor's Hong Kong subsidiary, Mabuchi Industry Co., Ltd. will acquire all Hanwa Steel Service's shares from Hanwa. Hanwa Steel Service processes steel sheets into coils for housings, end bells, and rotors, and supplies them to Mabuchi Motor's affiliate company, Mabuchi Motor (Jiangxi) Co., Ltd. Mabuchi Motor intends to improve competitiveness by acquiring Hanwa Steel Service's slit processing technology and equipment for steel sheets that are main material of compact motors. (From an article in the Nikkan Jidosha Shimbun on February 13, 2018)