Sojitz acquires UK seafood company Sealaska Foods

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Summary · why it matters

Sojitz announced on the 2nd that it has acquired all shares of Sealaska Foods International Holdings, a holding company whose subsidiaries include New England Seafood International, which operates a seafood processing and sales business centred on the United Kingdom. With the domestic market entering a mature phase, the company is working to strengthen its overseas operations, aiming to enhance the value of its seafood business as a whole by securing a base for procurement, processing, and sales in Europe. New England Seafood International's main categories are white fish such as cod, wild Alaskan salmon, and sashimi-grade tuna, and it holds a high sales share with UK mass retailers. The Sealaska Foods International Holdings group has white fish raw material procurement bases in Norway and Iceland. The company will change its name to Sojitz Seafood International Holdings going forward.

Impact on assets 1

Energy Transition & Power Demand▲ · 1 stocks
Sojitz Corp.
2768
▲ PositiveCapitalrelevance

Sojitz acquires all shares of Sealaska Foods International Holdings, expanding its overseas seafood operations.

Off-coverage companies 2

New England Seafood InternationalPrivate± Mixed
relevance

New England Seafood International is the main operating subsidiary being acquired; no standalone impact stated.

Sojitz Seafood International HoldingsPrivate± Mixed
relevance

The acquired holding company will be renamed Sojitz Seafood International Holdings; no independent impact stated.

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