The merger with Sangetsu Corporation is a key milestone for Goodrich Global to strengthen its capability for continuous growth.
Sangetsu Corporation controls about 50% of the Japanese market in wallpaper and has total assets of JPY 163,717 million. In 2016, the company bought a U.S. manufacturer of wall decoration materials, Koroseal. The acquisition solidifies Sangetsu Corporation’s foundation for Asia business and accelerate overseas sales. The Nagoya-based wallcovering leader in Japan since 1849, owns 100% of Goodrich Global. Like Goodrich Global, Sangetsu Corporation is in the interior products industry with nine showrooms and 34 sales offices in Japan. The company develops and sells interior decorating products in Asia and internationally with products offerings such as wallcoverings, flooring materials, curtains, and upholstery. The synergies reaped from Goodrich Global in Asia, Koroseal in North America and Sangetsu Corporation in Japan will expand its sales network in Southeast Asia to improve the corporate value of the entire group.