Polaris buys Japanese timber company
Polaris Capital has agreed to acquire 100% of Japanese precut timber and building materials company Hivic for an undisclosed sum from domestic construction group Lixil.
Hivic averaged a total equity value of JPY6.9 billion ($65.1 million) during 2016 and claims about JPY13.3 billion in assets. According to a statement, the acquisition will be transacted by the Polaris...
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