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27 March 2024
Brother Hostile Bid For Roland DG
JAPAN—
Brother Industries has made a hostile bid for Roland DG that could upset plans for an MBO at Roland DG. Last month Roland DG announced that its board of directors were in favour of a tender offer by XYZ KK, which would result in a management buyout of the company. Japanese manufacturer Brother Industries has now lodged an offer to buy all of the common shares in Roland DG Corporation at an offer price of ¥5,200 per share, which is ¥165 higher than the XYZ KK offer.
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Known for office printers
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Major Canadian delaers are Spicers and TG Graphics.
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Roland DG operates in the digital printing, dental, medical and 3D fabrication markets. Brother’s business areas include printing and labelling, garment printing, industrial sewing machines and gears. Brother is larger, with sales of more than ¥815bn, while Roland DG had turnover of ¥54bn. Both companies are listed on the Tokyo Stock Exchange.Brother acquired inkjet printing Domino Printing Sciences in 2015. Roland DG had bought majority control of Dimense, digital embossing technology arm of inks manufacturer Veika.
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