March 2007
Ellison Technologies, Inc., (Santa Fe Springs, Calif.) the machine-tool sales and distribution firm with outlets in the American West and Midwest, has been purchased jointly by trading company Mitsui & Co. Ltd. (Tokyo, Japan) and machine-tool builder Mori Seiki Co., Ltd. (Nagoya, Japan). Purchase price is reported at approximately $35-million.
Mitsui, with gross sales last year in excess of [yen] 4.1-trillion (almost $35-billion), has major interests in the iron and steel, chemicals, machinery, and financial markets. Its largest subsidiary outside Japan, Mitsui & Co. (USA), Inc. (New York, N.Y.), has been expanding from the import/export business into other business services. Although Mitsui & Co. is a major stockholder in jig-grinder and precision-machining-center builder Mitsui Seiki Kogyo Co. Ltd. (Tokyo, Japan), that company remains separate. Another company that shares the Mitsui name but also is separate is surface-grinder builder Mitsui High-tec Inc. (formerly Mitsui Mfg., Kitakyushu, Japan).