Expanding Performance in the U.S. Market Through the Acquisition of FLAVOR INGREDIENT HOLDINGS, LLC
First written in FY2017-Q3. 5 of 9 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2023.
90 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「In the U.S., we are realizing synergies between T. HASEGAWA U.S.A., INC. and MISSION FLAVORS & FRAGRANCES, INC. We will continue to pursue active sales activities for local customers and seek to expand performance in the U.S. market.」
The Company stated that the sales and manufacturing synergies following the acquisition of MISSION had entered the realization stage. - FY2020RestatedAnnual report
「FLAVOR INGREDIENT HOLDINGS, LLC, which was a consolidated subsidiary in the previous fiscal year, ceased to exist following its absorption in a merger with our consolidated subsidiary T. HASEGAWA U.S.A., INC. as the surviving company, and was therefore excluded from the scope of consolidation.」
The organizational integration of the U.S. business through the absorption of FLAVOR INGREDIENT HOLDINGS, LLC was also reflected in the full-year scope of consolidation. - FY2020-Q3AdvancedAnnual report
「During the consolidated third-quarter accounting period, our consolidated subsidiary T. HASEGAWA U.S.A., INC. (reporting segment: U.S.) absorbed FLAVOR INGREDIENT HOLDINGS, LLC (reporting segment: U.S.), which was also our consolidated subsidiary and a sub-subsidiary.」
FLAVOR INGREDIENT HOLDINGS, LLC, for which post-acquisition integration had been completed, was absorbed in a merger with T. HASEGAWA U.S.A., INC. as the surviving company, further concretizing the organizational integration of the U.S. business. - FY2018AdvancedAnnual report
「In the United States, PMI, or post-acquisition integration, of T. HASEGAWA U.S.A., INC. and FLAVOR INGREDIENT HOLDINGS, LLC, which became a consolidated subsidiary in June 2017, has been completed. The company will continue working to realize further synergies in sales and manufacturing at both companies.」
Post-acquisition integration of FLAVOR INGREDIENT HOLDINGS, LLC was completed, and the companies moved into the stage of realizing sales and manufacturing synergies. - FY2018-Q3RestatedAnnual report
「In addition, sales at the U.S.-based FLAVOR INGREDIENT HOLDINGS, LLC, which became a new consolidated subsidiary in June 2017, contributed to the Group’s consolidated results (no results were recorded in the same period of the previous year).」
Sales at FLAVOR INGREDIENT HOLDINGS, LLC, which became a new consolidated subsidiary through the acquisition, also contributed to consolidated results for the cumulative third quarter. - FY2018-Q2RestatedAnnual report
「In addition, sales at the U.S.-based FLAVOR INGREDIENT HOLDINGS, LLC, which became a new consolidated subsidiary in June 2017, contributed to the Group’s consolidated results (no results were recorded in the same period of the previous year).」
Sales at the acquired FLAVOR INGREDIENT HOLDINGS, LLC continued to contribute to consolidated results for the cumulative second quarter. - FY2018-Q1RestatedAnnual report
「In addition, sales at the U.S.-based FLAVOR INGREDIENT HOLDINGS, LLC, which became a new consolidated subsidiary in June 2017, contributed to the Group’s consolidated results (no results were recorded in the same period of the previous year).」
Sales at the acquired FLAVOR INGREDIENT HOLDINGS, LLC contributed to consolidated results for the current quarter. The U.S. segment as a whole, however, recorded a segment loss. - FY2017AdvancedAnnual report
「In the U.S., to achieve further growth, T. HASEGAWA U.S.A., INC. acquired all shares of FLAVOR INGREDIENT HOLDINGS, LLC in June 2017 and made it a consolidated subsidiary. FLAVOR INGREDIENT HOLDINGS, LLC manufactures and sells a range of food flavors, primarily for the health sector. We will seek to realize synergies between the two companies in sales and manufacturing at an early stage, while continuing to pursue active sales activities for local customers to expand performance.」
Following the acquisition, FLAVOR INGREDIENT HOLDINGS, LLC was included in the consolidated results for the full fiscal year and contributed to higher sales in the U.S. segment. The companies have moved into the stage of realizing sales and manufacturing synergies at an early stage. - FY2017-Q3AdvancedAnnual report
「On 30 June 2017, our consolidated subsidiary T.HASEGAWA U.S.A., INC. entered into an agreement to acquire all shares of FLAVOR INGREDIENT HOLDINGS, LLC, based in California, U.S., and completed the acquisition on the same date. FLAVOR INGREDIENT HOLDINGS, LLC manufactures and sells a range of food flavors, primarily for the health sector, which is expected to continue growing in the U.S., and has been expanding rapidly. The acquisition is intended to achieve further growth in the U.S. market through synergies in sales and manufacturing with our consolidated subsidiary T.HASEGAWA U.S.A., INC.」
The acquisition of all shares of FLAVOR INGREDIENT HOLDINGS, LLC was completed on 30 June 2017. The purchase consideration was US$51.6 million, and the voting rights ratio after the acquisition was 100%. The acquisition was intended to expand performance through sales and manufacturing synergies in the U.S. market. Goodwill arising from the acquisition was recognized at US$53.3 million (provisional amount, or ¥5,977 million on a consolidated basis), and only the balance sheet was consolidated for the current quarter.