Yasuda Logistics to Buy Teijin Logistics for 6.50 Billion Yen

MT Newswires Live

Nov 14

Yasuda Logistics (TYO:9324) said it will acquire Teijin Logistics for 6.50 billion yen to make it a wholly owned unit, following a board decision on Nov. 14, according to a Friday filing on the Tokyo Stock Exchange.

The move is part of the group's 2030 growth plan and its mid-term strategy through 2027, which targets a larger national warehouse and transport network.

Teijin Logistics operates sites mainly in western Japan and manages storage and delivery for synthetic fibre and chemical makers, including the Teijin group.

Yasuda Logistics said combining facilities, routes and customer bases will help broaden its service offering and support expansion into new areas.

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