09:05 AM EDT, 09/04/2025 (MT Newswires) -- Toyo (TOYO) said Thursday it has acquired the VSUN brand from its sister company Vietnam Sunergy to accelerate its expansion into the US market.

The acquisition is also part of efforts to streamline and unify operations by consolidating the VSUN brand under Toyo, the company said.

Financial details were not disclosed, but Toyo said it did not issue new equity for the transaction.

Toyo and VSUN are sister companies under majority shareholder Abalance, according to Toyo.