Japan-based packaging company RAKSUL has entered into a share purchase agreement to acquire Marutama and Marutama Wel to enhance its manufacturing capabilities in the paper shopping bag sector.

Target Information

RAKSUL, a Japan-based packaging company, has officially signed a share purchase agreement to acquire all shares of Marutama and its subsidiary Marutama Wel from their shareholders, Yoshitaka Yamashita and Sayaka Yamashita. This acquisition is strategically aligned with RAKSUL's growth trajectory and is set to enhance its operational capabilities in the paper shopping bag sector.

Marutama, headquartered in Gifu City, Japan, specializes in the design, production, import, and sale of original paper shopping bags. The integration of Marutama and Marutama Wel into RAKSUL's business framework is anticipated to bolster its manufacturing and sales avenues, particularly given the shared customer base with RAKSUL’s core cardboard segment within the procurement platform.

Industry Overview

The paper shopping bag industry in Japan is witnessing growth driven by increasing consumer demand for sustainable packaging solutions. As environmental consciousness ris