Japanese Company to Invest in Rides Manufacturer S&S Worldwide

According to a recent announcement, the Japanese ride manufacturer Sansei Yusoki Co., Ltd., listed on the Osaka Stock Exchange, will invest in the US-based coaster manufacturer S&S Worldwide of Utah. According to this, Sansei will be acquiring 13 percent now, with additional acquisition planned to be implemented by the end of the year. Nevertheless, the headquarters and manufacturing facilities of S&S will remain in Logan, Utah. Also the crucial positions within the company (CEO & President, Vice President of Sales and Marketing, Chairman of the Board) will remain occupied as they are. The transactions are expected to close on July 3, 2012. (eap)