December 6, 2016
Woodbridge International is pleased to announce the completion of a joint venture agreement between its client Yamada Electric, headquartered in Chiba, Japan and Lodz, Poland-based Wentworth. The transaction is the first deal Woodbridge has closed in Poland.
YamadaWentworth will be taking over operations at PLMC in Lodz, Poland effective July 1, 2017. YamadaWentworth is a joint venture agreement between Yamada Electric and Wentworth Technologies with the JV Company having been established in Poland. Yamada will be taking on the operations of Fusion, ProGlide, Flexball and Venus razors currently produced at PLMC.
Fred Campatelli, Yamada U.S. President, said of the deal, “This is an exciting new opportunity for us and is in line with our strategy to be the global razor manufacturer for Gillette. Once this move is completed, this could result in similar moves in our other manufacturing sites.”