Valore Holdings has completed the acquisition of Mirai Casting Group from Proterial, Ltd.. With this deal, a long established automotive manufacturing business moves into a new ownership phase. The transaction marks a shift for Mirai, which has been operating for more than a hundred years.
Mirai’s history goes back to 1910. Its predecessor, Tobata Foundry, started out producing automotive parts at a time when the industry itself was still taking shape. Over many decades, the company built up deep technical capability. Casting. Machining. Product design. Materials development. Those skills were developed through constant production work rather than theory. More recently, Mirai has adjusted its product lineup to respond to tightening environmental regulations around the world. One example is its work on ceramic diesel particulate filters used in commercial vehicle exhaust systems.
Today, Mirai operates a global network that covers both research and manufacturing. Facilities are spread across Japan, Korea, the United States, and India. This global footprint allows the company to support automakers in multiple regions. It also puts Mirai in a position to respond to big shifts in the auto industry, including decarbonization and changes in mobility technologies that are affecting how vehicles are designed and built.
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After the acquisition, Mirai’s management structure stays the same. Toru Iwanaga continues as Global President. Yuji Minami remains CFO. Valore said there will be no changes to day to day operations, the organization, or the company’s overall strategic direction. Financial terms of the deal were not disclosed.
On the advisory side, Nomura Securities International acted as financial advisor. Alpina Advisors, Ltd. served as legal advisor to Valore.


