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Announced

Sojitz to acquire Marine Foods from NH Foods for $229m.

Synopsis

Sojitz, a general trading company, agreed to acquire Marine Foods, a seafood processor, from NH Foods, a beef-, pork-, and chicken-processing firm, for $229m. While contributing to the strengthening of functions such as manufacturing, processing and sales in the fisheries field of the retail field, which is the focus of Sojitz Corporation, the sales base and global network of Sojitz Corporation and its investment destinations, etc. We are confident that we will be able to achieve further growth by expanding our business by utilizing resources, developing restaurants and overseas sales channels, and expanding new suppliers and production bases.

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