A Japanese firm specializing in food company takeovers has purchased Hokkaido-based Yamani Noguchi Fisheries Co., Ltd.
The purchase, for JPY 85 million (USD 789,155, EUR 647,000) was announced on 5 September and will close on 2 October.
Rumoi-based Yamani Noguchi Fisheries is a 47-year-old fish processing company dealing in salmon, while Yoshimura Food Holdings is a Tokyo-based company that purchases firms with limited growth opportunities due to Japan’s shrinking population, or which have no successor to the owner. JT (the former Japan Tobacco) is a major shareholder.
After the purchase closes, Yoshimura Food Holdings will centrally managing sales, purchasing, logistics, product development, manufacturing, quality control and administration for Yamani Noguchi Fisheries. By combining such functions with other small firms, Yoshimura Food Holdings is able to cuts costs while strengthening the management capabilities available to each of the subsidiary companies, the company said in a press release, calling this provision of centralized functions a "small- and medium- enterprise support platform.”
Among Yoshimura Food Holdings’ several group companies, two – Oven and Yu Kita – are seafood companies. Oven makes breaded and fried crab claws and oysters, as well as fried chicken. Yu Kita makes tuna products, such as toppings for rice bowls and sushi.
Yamani Noguchi Fisheries Co.’s products include salmon eggs, smoked greenling and salmon, marinated octopus, and salted herring eggs.
