Supermarket chain Aeon Co. said Monday its U.S. arm, Aeon (U.S.A.) Inc., has sold to a Mexican firm all shares in a wholly owned subsidiary that makes bedclothes and other bedding items.
The 3,950 shares in Revman Industries Inc., based in Delaware, were sold to Groupo Kaltex S.A. de C.V., a maker of textile and apparel products, as part of the Aeon group's consolidation efforts, Aeon said.
The value of the share sale came to 2.3 billion yen, it said.
The deal will not have an impact on Aeon's group financial results for the business year ending Feb. 28 because Aeon had set aside provisions to cover the loss stemming from the sale of Revman Industries, it said.