Home > Metalor > News > Press Release: Metalor Technologies International is pleased to announce that the previously communicated agreement to sell 100% of the equity of Metalor to Tanaka Kikinzoku Kogyo

 

Metalor Technologies International SA

Press Release

September 27, 2016

Metalor Technologies International (“Metalor”) is pleased to announce that the previously communicated agreement to sell 100% of the equity of Metalor to Tanaka Kikinzoku Kogyo (“Tanaka”) of Japan has been approved by the relevant competition authorities and is now complete. The transaction brings together two of the most storied companies in the industry to create a world leader in precious metals refining and fabrication. Metalor will continue to operate as a subsidiary of Tanaka and is excited about the prospect of enlarging its product and service offerings to its customers on a global basis.

About Metalor Technologies SA

Founded in 1852, Metalor Technologies SA is an international Swiss-based group, with subsidiaries in 17 countries. It is a leading participant in the field of precious metals and advanced materials and our core competencies are chemistry, metallurgy and management of precious metals.

About the Tanaka Precious Metals Group

Since the first company was established in Japan in 1885, the Tanaka Precious Metals group has built a diversified range of business activities focused on precious metals. On April 1, 2010, the group was reorganized with Tanaka Holdings Co., Ltd. as the holding company of the Tanaka Precious Metals group. In addition to strengthening corporate governance, this move was aimed at improving the group’s overall service to its customers by ensuring efficient management and dynamic execution of operations. The Tanaka Precious Metals is committed, as precious metals specialists, to providing a diverse range of precious metals products and services through cooperation among its group companies.

The Tanaka Precious Metals group is one of the most significant participants in the Japanese market in terms of the volume of precious metal handled, and for more than 130 years the group has developed and stably supplied industrial precious metals, as well as precious metals-related products and services. As precious metal professionals, the group will continue to contribute to the enrichment of people’s lives in the future.

The five core companies in the Tanaka Precious Metals group are as follows.

- Tanaka Holdings Co., Ltd.

- Tanaka Kikinzoku Kogyo K.K.

- Tanaka Denshi Kogyo K.K.

- Electroplating Engineers of Japan, Limited

- Tanaka Kikinzoku Jewelry K.K.

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