Kyokuyo acquires stakes in European seafood companies

This post is also available in: Japanese

Tokyo-listed seafood company Kyokuyo has bought a majority interest in Northseafood Holland as part of its strategy to establish an overseas processing presence.

Its Kyokuyo Europe subsidiary, also Netherlands based, will acquire a majority stake in NSF Holding, the parent company of NS Holland.

Kyokuyo also took a majority stake in Turkey’s Kocaman Fisheries Export and Import Trade in January.

There have been quite a few acquisitions by Japanese companies of European seafood processors in recent years –  for example Maruha Nichiro, Nippon Suisan and Marubeni.

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