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SATO strengthens business network in BRIC nations with acquisition

SATO strengthens business network in BRIC nations with acquisition, SATO Holdings, Okil Holding JSC, Asia packaging, Japan packaging
Barcode printing, labelling and RFID solutions provider SATO Holdings is expanding its business network outside of Japan, and has acquired the majority 75% share in Russian label manufacturer Okil Holding JSC.

Okil - a St Petersburg-headquartered manufacturer of food and beverage, beauty and healthcare labels for both domestic and multinational customers - will now operate as a subsidiary within the SATO Group.

According to SATO, Russia’s label market has huge growth potential and the Japanese company believes the timing is right to establish a foothold in Russia and strengthen its network within BRICS markets.

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