Nippon Suisan Kaisha’s (Nissui) joint venture, The Seafood Traders (TST), is reportedly attracting investment interest from one of the world’s largest seafood companies in a move that would consolidate a fragmented and struggling German frozen fish sector.
Sources told IntraFish Hong Kong-based Pacific Andes, which holds a minority stake in Pickenpack, Hussmann and Hahn, reached out to Nissui management in Tokyo in recent weeks for discussions about a potential tie-up, but none could speculate on Nissui’s interest in the proposal.
The move would be a logical one for both companies.
