The Board of Directors' meeting of Nissei Plastic Industrial held on November 21 decided to acquire a controlling interest in Negri Bossi Group, headquartered in Italy, manufacturing and selling injection moulding machines. The acquisition was also formalized by Negri Bossi with a press conference held at its headquarters in Cologno Monzese (Milan) on November 26.

Negri Bossi, established in 1947 in Milan, Italy, is the number one injection moulding machine manufacturer in Italy, with a wide range of high-performance injection moulding machines. In particular, the manufacturer is specialized in ultra-large injection moulding machines and moulding systems and provide products and solutions tailored to each customer mainly in the automobile industry. In addition, sustained by Negri Bossi’s strong product development capabilities and flexible customization capabilities to meet customer needs, Negri Bossi has a particularly strong presence in Europe and a solid customer base in a wide range of industries.

Nissei plans to acquire 75% of the Group's shares for the time being and the remaining 25% within a few years. By acquiring a stake in Negri Bossi, Nissei will be able to expand and strengthen its business domain in the injection moulding machine field. The combination of Nissei's injection moulding machines and Negri Bossi's injection moulding technology is expected to expand each product portfolio and provide a comprehensive solution to a wider customer segment. Nissei will also utilize the R&D and sales capabilities of NEGRI BOSSI to expand Nissei's strengths in small and medium electric injection moulding machines.