20 Aug Takenaka Partners Advises Daiho on its Acquisition of Polyfab
Takenaka Partners LLC (Los Angeles, CA) acted as the exclusive financial advisor to Daiho USA Corp., a subsidiary of Daiho Industrial Co., Ltd. (collectively “Daiho”) on its acquisition of Polyfab Corp., which is being renamed Polyfab, LLC (“Polyfab”). Stout Investment Banking served as the exclusive financial advisor to Polyfab.
Daiho is a leader in the plastics processing industry in Japan, South East Asia, and Europe where its products are used for various end markets, including home electronics, automotive, office automation equipment, and housing goods.
Polyfab, founded in 1971 and based in Sheboygan, Wisconsin, is a leading injection molder offering a full suite of plastic design, manufacturing, and related value-added services for a variety of industries, including consumer packaging, home and commercial building improvement, industrials, consumer products, and healthcare.
Both companies benefit from the strong strategic fit. According to Shoji Kunitomo, Chairman, President and CEO of Daiho Industrial Co., Ltd, “we respect Polyfab’s design and engineering expertise, in-house automated manufacturing technologies, and strong salesforce. We are excited to work with the Polyfab team and are committed to becoming a top-ranked global plastic manufacturing company.”
Scott Doleshaw, President and CEO of Polyfab stated, “the Polyfab team is excited and looking forward to joining the Daiho Group. Our opportunity to be the first business entity in the United States for Daiho speaks to their confidence in Polyfab to grow our presence nationally.”
Yukuo “YT” Takenaka, President and CEO of Takenaka Partners, commented that, “the addition of Polyfab represents the first step in Daiho’s strategy to aggressively expand its business in the United States. Takenaka Partners is proud to have played a key role in facilitating this alliance, especially during these challenging times of COVID-19.”