Sagawa Express Co. said Thursday it has obtained a Thai subsidiary of trading house Mitsui & Co. in a bid to bolster its business in Asian markets.
The firm expects to tap demand among automakers and other businesses operating in Thailand.
The Kyoto-based parcel delivery company said it acquired a 60 percent stake in Thai Container Distribution Service Co. in March.
Sagawa Express has units in other parts of Asia, including China and Singapore.
Thai Container Distribution Service reported sales equating to some 1.4 billion yen in the 2004 business year to Dec. 31.