08.30.2021 /

Capital Alliance – IZAWA TOWEL Co., Ltd. and JAFCO Group Co., Ltd.

2021.8.30 /

Capital Alliance – IZAWA TOWEL Co., Ltd. and JAFCO Group Co., Ltd.

IZAWA TOWEL Co., Ltd. (Headquarters : Shibuya-ku, Tokyo; Representative Shoji Izawa, President & CEO) and JAFCO Group Co., Ltd. (Headquarters: Minato-ku, Tokyo; Shinichi Fuki, President&CEO) have reached an agreement on the equity participation of JAFCO Group’s fund (JAFCO SV6 Investment Limited Partnership and JAFCO SV6-S Investment Limited Partnership.) with IZAWA TOWEL.

Through this capital alliance, JAFCO will support IZAWA TOWEL's efforts in decarbonization, recycling technology, technological development of leading textile products, innovative production efficiency DX (Digital Transformation). IZAWA TOWEL have already begun global expansion in the United States, Europe, and other regions, and from now on drawing on JAFCO's accumulated management support know-how, extensive networks, and knowledge of startups' cutting-edge technologies and services. And then we will realize at a higher level the IZAWA TOWEL vision of "providing new value to society as a revolutionary."

With the strong support of JAFCO, largest venture capital firm in Japan, IZAWA TOWEL aims to achieve “sustainable growth” and “IPO” by utilizing JAFCO 's extensive management support know-how, networks, and extensive knowledge of cutting-edge technologies and services.

Below, we introduce the business activities of IZAWA TOWEL.

●the leading company in the towel-industry that creates new markets regardless of industry customs and conventions.
We specialize in towel products and provide services through OEM and ODM.
As an innovator and disruptor, we are constantly creating new markets by creating new towel markets and consumer purchasing behavior in the future.

●the best R & D capabilities in the towel-industry.
We have a research center at each site, and we are conducting experiments using our own standards in order to realize the optimum feeling of using towels while capturing the usage of end users. In addition, for the next 100 years, we are committed to research and development to fulfill our social responsibility while leading the industry in such areas as decarbonization and recycling technologies.

●Establishment of Optimal SCM System with Innovative DX
Our proprietary SCM system for improving production efficiency manages multiple cooperating factories based on IOPMS. DX promotes a production method that is different from conventional towel manufacturing. By doing so, we will achieve quality, low cost, and delivery control that defy industry norms and achieve the best manufacturing control.
In addition, through a business alliance with the U.S. WestPoint Group, we aim to further strengthen our product development capabilities by making use of the know-how of each company and reducing the cost of production and distribution in line with the unification of Japanese and U.S. towel standards.

■About IZAWA TOWEL Co., Ltd.
Company name: IZAWA TOWEL Co., Ltd.
Website: https://www.izawa-towel.com/
Address: 1- 26 -6 Ebisu-nishi, Shibuya-ku, Tokyo
Business: Manufacture/ sale of towel products in general (face towels, bath towels, wet hand towels, towel blanket, towel sheets, etc.)

■About JAFCO Group, Inc.
Company name: JAFCO Group, Inc.
Website: https://www.jafco.co.jp/
Address: 24F Toranomon Hills Mori Tower, 1-23-1 Toranomon, Minato-ku, Tokyo
Main Business: Largest venture capital firm in Japan with over 1,000 portfolio IPOs. Also experiences of 20 years in buyout investment and over 30 years in overseas venture investment.

For more information, please contact:
Email: h-nobori@izawa-towel.com