Shimizu acquires 100% of Shares in a U.S. Engineering Company
Shimizu Corporation acquired 100% of the shares in Perigon International Inc. to strengthen its engineering business in North America. Perigon is an engineering company with its headquarters in North Carolina and was made a subsidiary of Shimizu’s regional headquarters in North America in 2020. The shares were acquired for approximately 500 million yen.
Perigon is an engineering company that was established in 1964. The company specializes in manufacturing process engineering and has chemical and automotive-related manufacturers as customers. Perigon has annual net sales of around 500 million yen. The company also has collaborated with Shimizu in the U.S. and maintains a solid relationship with Shimizu.