On 30 September, Itoham Yonekyu Holdings acquired all shares of New Zealand's Greenlea Group Limited and completed the acquisition through ANZCO Foods. The company announced the acquisition on 18 June and aims to expand the foundation of its overseas meat business.
Itoham Yonekyu Holdings announced the acquisition of all shares of Greenlea Group Limited, a New Zealand company engaged in meat processing, production and sales, and completed the transaction effective 30 September. The acquisition was conducted through consolidated subsidiary ANZCO Foods Limited, with the stated aim of expanding the foundation of its overseas meat business.
Greenlea is engaged in meat processing, production and sales. Through the acquisition, Itoham Yonekyu Holdings has positioned ANZCO as one of the core bases of its overseas meat business and disclosed plans to expand its business platform.
The company said it aims to achieve sustainable growth and improve profitability in its overseas business through synergies from the acquisition. Additional information and further reports on future developments are expected to attract attention.