( November 18, 2025, 01:23 GMT | Official Statement) -- MLex Summary: Japanese fastener-maker YKK said it has agreed to form a strategic partnership between its construction materials unit YKK AP and Panasonic Housing Solutions, or PHS, by acquiring an 80 percent stake in PHS. A new intermediate holding company to be established by YKK will acquire the shares currently held by Panasonic Holdings, and the two companies will jointly operate the PHS business under the Panasonic brand, according to a statement published Monday. The transaction is expected to close by the end of March 2026, subject to customary conditions, including regulatory approvals. While YKK AP is seeking to expand its business, the Panasonic group had been looking for a partner to support larger investments in the housing-equipment sector. The statement is attached. ...
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