On December 4, Dentsu Inc.'s overseas headquarters, Dentsu Aegis Network, announced it had reached an agreement with shareholders of ASPAC Creative Communications Inc. (ASPAC) in the Philippines to acquire a 70% stake in the company. The agreement also grants the Dentsu Group the option to gradually increase its shareholding and eventually make ASPAC a wholly-owned subsidiary.
Founded in 1975 as ASPAC Communicators Inc., ASPAC is a long-established creative agency in the Philippines serving major domestic and international corporations. Its service scope is broad, encompassing creative production across mass media, digital, and promotional domains, as well as brand strategy development. The company is highly regarded locally for its services, having been named "Independent Agency of the Year" by the Association of Accredited Advertising Agencies of the Philippines in both 2010 and 2013.
[ASPAC Company Overview]
Company Name: ASPAC Creative Communications Inc.
Headquarters: Makati City, Philippines
Established: August 2014 (Predecessor ASPAC Communicators Inc. established February 1975)
Capital: 18 million Philippine Pesos (approx. 47 million yen)
Shareholder Structure: After Share Acquisition - Dentsu Inc. Aegis Network 70%, ASPAC Management 30%
Revenue: Approximately 90 million pesos (approx. 240 million yen) (Fiscal Year Ended December 2014)
Representative:
Miguel C. Ramos (Chairman)
Susan Dimacali (CEO)
Angel Antonio (COO)
Number of Employees: 53
Business Activities: Advertising business including brand strategy development and creative production
Dentsu Inc. News Release: http://www.dentsu.co.jp/news/release/2015/1204-008558.html
