Ichimasa Kamaboko announced a capital and business alliance with 直江商店 of Shiogama, Miyagi Prefecture, and will acquire part of 直江商店’s shares while also considering dispatching directors. The current management structure is expected to remain unchanged.
Ichimasa Kamaboko announced a capital and business alliance with 直江商店 and is considering dispatching directors in addition to planning to acquire part of 直江商店’s shares. No changes to the management structure will be made at this time, and the two companies will strengthen their collaboration.
Ichimasa Kamaboko is a leading manufacturer of crab sticks with the largest market share, while 直江商店 is positioned as a company with strengths in processed fish-paste products for gifts and souvenirs.
The development of new products drawing on the two companies’ expertise and responses to challenges facing the processed seafood products industry are expected to be the main areas of collaboration.
The details of the alliance, including the shareholding ratio and the specific timing of any dispatch of directors, are expected to remain matters for further consideration.