Sojitz acquired all shares of SFIH and consolidated its UK-focused seafood processing and sales-related companies as subsidiaries. The group will strengthen its customer base in Europe through the newly acquired procurement network and local product development capabilities.
Sojitz disclosed that it had acquired all shares of SFIH and consolidated its related companies, which operate seafood processing and sales businesses centered in the UK, as subsidiaries. The acquisition appears to have been completed as a transaction.
The acquisition is intended to strengthen the procurement network for whitefish, which is in strong demand in Europe and the US, as well as product development and manufacturing capabilities that capture local consumer needs. It will also provide the group with a strong new customer base in Europe centered on the UK. By combining the strengths of its group companies, Sojitz aims to increase the value of its seafood business as a whole.
The announcement was distributed on 2 October, and specific measures and impacts from the future integration of the businesses are attracting attention.