Ajinomoto completes acquisition of French frozen food firm
Smoked salmon product of Labeyrie. (Photo: Labeyrie Traiteur Surgelés)
Ajinomoto Co., Inc. has completed procedures for the acquisition of all shares of French frozen food company Labeyrie Traiteur Surgelés S.A.S. (LTS). With this operation, the Japanese group intends to further strengthen Ajinomoto Co.’s consumer food business in Europe and accelerate its growth.
The EUR 27 million deal for the purchase was finalised through the Japanese company's consolidated subsidiary Ajinomoto Foods Europe.
The acquisition price takes into account factors, including the receivables held for LTS by (More Info)
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