KANEMATSU CORPORATION acquired an interest in U.S.-based Grass Fed Foods and made it a consolidated subsidiary. Following the acquisition, Armonia will continue to participate in management, and the company plans to promote expansion of its meat business in the U.S. market, using the acquisition as a foothold.
Through its U.S. subsidiary, KANEMATSU CORPORATION acquired an interest in Grass Fed Foods, LLC and made it a consolidated subsidiary. This gives the KANEMATSU group an established base in the processing and sale of meat in the United States.
As part of the acquisition, Armonia LLC, Grass Fed Foods’ existing shareholder and joint management partner, will continue to participate in management together with KANEMATSU’s U.S. company. Through their collaboration, the companies aim to enhance value in the sustainable food and agriculture sectors.
Going forward, the company aims to strengthen sales of beef-related products through GFF and expand business with leading U.S. retailers. Over the medium to long term, it will also handle products other than beef and consider collaboration with other food-related businesses, including its ramen business.