Yo! Sushi to acquire Snowfox and SushiBox.

Yo! Sushi, the UK-based sushi group, agreed to acquire a majority stake in Snowfox, a US sushi business, and SushiBox. Financial terms were not disclosed. The combined group, which will have an enterprise value of around $400m and combined annual sales of $425m, will be one the largest sushi companies outside of Japan, according to Yo! Sushi. “Building on from the successful integration of Bento Sushi starting in 2017, Yo! will look to replicate this approach with Snowfox as it continues to execute its diversification strategy,” said Richard Hodgson, chief executive of Yo! Sushi.