Nissui, Japan’s second-largest seafood firm, will spend ¥1.2 billion ($10.2 million/€7.2 million) to purchase between 20 percent and 25 percent of three Japanese seafood firms and one Taiwanese frozen food firm.
The moves are part of a plan to bolster the firm’s seafood supply and processing capabilities, the company said.
Nissui will purchase 20.5 percent stakes in Kaneko Shokuhin, a ¥3 billion ($25.5 million/€18 million) frozen foods processor, and Kunihiro, a ¥7.6 billion ($65 million/€46 million) frozen, fresh and processed seafood firm; 20 percent in ¥16.5
