Kyokuyo To Buy Danish Seafood Canner To Expand Global Portfolio

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Japanese seafood elephantine Kyokuyo Co. is to get a mostly liking successful a Danish seafood processor and distributor, marking its latest measurement to accelerate its world portfolio description .

According to a connection from Kyokuyo, it has reached an statement pinch Engelsviken Canning Norway to get shares successful 2 of its subsidiaries – seafood processing and income companies Engelsviken Canning Denmark and Engelsviken Norway – which run seafood processing and income sites.

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As a result, Kyokuyo’s Europe subsidiary will get a 90% liking successful Engelsviken Canning Norway. Financial specifications of nan woody were not disclosed.

Engelsviken Canning Denmark handles nan accumulation and income of nan products, and its subsidiary, while Engelsviken Norway is engaged successful nan import/export of seafood and nan income of Engelsviken Canning Norway products, nan connection said.

Last year, nan Tokyo-listed seafood institution bought a majority liking successful Northseafood Holland arsenic portion of its strategy to found an overseas processing presence.

The seafood processing and income institution Engelsviken Canning Norway was founded successful 1867 successful a Norwegian larboard town.

Reflecting connected nan rationale of nan purchase, Kyokuyo’s connection said nan Engelsviken marque of shrimp products is simply a “widely recognised” explanation successful countries for illustration Norway, Sweden and Denmark, wherever it has established a “strong presence”.

Kyokuyo said it was increasing its operations overseas “and has worked to fortify its European operations by bringing a Dutch institution and a Turkey-based exporter nether our group arsenic consolidated subsidiaries”.

The institution added nan acquisition “will grow its income sum of nan Nordic market, successful summation to nan occidental and confederate European markets it has developed chiefly done its Dutch subsidiary, Kyokuyo Europe”.

The connection besides said that going forward, Kyokuyo intends to “leverage nan income networks of Engelsviken Canning Denmark and Engelsviken Norway to summation income of processed salmon/trout, fried products, etc., produced by nan Dutch and Turkish companies it brought successful arsenic subsidiaries successful 2024”.

It added that. done these efforts “Kyokuyo will heighten nan synergies wrong its European operations and further accelerate nan world description of food institution Kyokuyo”.