Japanese trading giant Marubeni has acquired majority control of the European arm of the seafood supplier Welmar.
Welmar Europe confirmed to IntraFish that the Japanese group had acquired 85 percent of the company for ¥1.1 billion (€11 million/$13.9 million).
The company did not give further details at this stage, but IntraFish understands the stake was sold by three shareholders.
Welmar’s US branch Welmar Pacific was not included in the sale.
Based in Ambacht in the Netherlands, Welmar Europe processes and distributes North Pacific seafood products into Europe.
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