17 years ago
the text for us modellers to look at.
Premier toy and model manufacturer Tamiya has agreed to merge with its main
rival Hasegawa Model Works. The merger will allow Tamiya to access to much
larger range of mouldings that Hasegawa owns and Hasegawa will be able to
access the radio control technology Tamiya has built up in the last thirty
years. The 20 billion yen merger will occur on August 6 this year and will
be subject to acceptance by 90% of the shareholders in the two companies.
The name of the merged company will be Tamiya-Hasegawa Enterprises and will
trade under the popular name Tamigawa.
Tamiya CEO Tonishka Tamiya stated "this is an important merger for the model
making business, as you know the market is very mature and the room for
organic growth is very limited. The combination of the two companies will
allow us to dominate the model making market around the world by being its
number one player and also provide the shareholders with other strategic
Hasegawa CEO Hinamaru Hasegawa agreed with Mr Tamiya and added " our
combined strength will lead to world domination, something we have been
dreaming about for some time."
The news of the merger added over 2000 Yen to the value of Tamiya and
Hasegawa shares on the Japanese sharemarket.