Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Labeyrie's customers include food retailers and foodservice providers. (Photo: Stockfile/FIS)

Japanese group acquires Labeyrie frozen food unit

  (FRANCE, 7/27/2017)

Japanese group Ajinomoto Co., Inc. has signed an agreement with Labeyrie Fine Foods SAS (LFF) for the acquisition of its frozen food subsidiary Labeyrie Traiteur Surgeles SAS (LTS) to further strengthen its consumer foods business in Europe and accelerate growth.

The agreed purchase price, which is based on LTS approximate value of JPY 2.7 billion (USD 21 million), includes the payment for the entire LTS share and the loans that LFF has for LTS, and which will be fixed after AFE adquires all the LTS shares, scheduled for November 2017.

The transaction will allow Ajinomoto to expand and enhance its business platform for frozen foods in France by capitalizing on its strength in gyoza products to expand sales of the Group products through LTS’s home-use sales channel, and by selling LTS products through Ajinomoto Co.’s existing restaurant-use sales channel.

LTS is an operating subsidiary of LFF, which mainly manufactures and sells chilled foods such as foie gras and smoked salmon. Its net sales for fiscal 2016 were approximately EUR 50 million.

The frozen food market in Europe recorded approximately EUR 41 billion in 2015, and is growing steadily. The Asian market segment has continued to grow and has reached approximately EUR 500 million in 2016.

In its financial year 2017-2019 medium-term management plan, Ajinomoto Co. has set a key strategy of ensuring growth in its foods products business with a stronger regional portfolio, and aims to be the main Asian frozen foods market by rolling out its specialty products in North America and Europe.
 
editorial@seafood.media
www.seafood.media


Information of the company:
Address: 15-1 Kyobashi 1-chome, Chuo-ku
City: Tokyo
State/ZIP: (104-8315)
Country: Japan
Phone: +81 3 5250 8111
Fax: +81 3 5250 8293
E-Mail: webmaster@ms.ajinomoto.co.jp
More about:


Location:

View Larger Map



 Print


Click to know how to advertise in FIS
MORE ARTICLES
AEON Malaysia Praised for the Most Comprehensive Seafood Welfare Policy for any Retailer Globally
Seafood Expo Global/Seafood Processing Global Returns to Barcelona to Bring Together the Global Seafood Industry
Holmes Seafood is Sold to Portuguese Company Brasmar
The ISH Company Raises More Than U$5M in Seed Funding to Innovate Plant-Based Seafood Offerings
Bristol Seafood is B Corp Certified
North Coast Seafoods Relaunches the Popular Frozen Naked Seafood Line
Coast Seafood Acquires Vega Salmon
Thai Union Corporate Venture Fund Invests in French Algae Ingredients Startup
ReelData AI Announces USD 8M Series A Round
Plainsight and MarineSitu Announce Collaboration to Propel a Sustainable Blue Economy Into The Future
Salmon Evolution Q4: Batch #1 Fully harvested with Very Strong Results
Sustainable Aquaculture Pioneer Forever Oceans Completes Environmental Footprint Assessment
ESF Seafood Transforms Shrimp Processing With Industry Leading Renewable Energy Conversion
Heartland Catfish Company Eliminates Phosphate-Based Additive
Global Seafood Alliance Releases Results of First Consumer Campaign
Planet Tracker Provides Greater Transparency into the Seafood Industry with the Launch of its New Database
Michelin-Starred Armani Ristorante Sources ASC Certified Fish from Croatia
The World’s First Cultivated Fish Fat Unveiled at the Big Idea Ventures Demo Day Showcase
Northline Seafoods Announces Major Project Bringing New Innovations to the U.S. Fishing Industry
Austral’s Aussie Karumba Prawns Take Supply Chain Transparency to New Levels
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
South Korean seaweed report: 70% global market share, exported to 114 countries … Overwhelming Japan and China
South Korea "70% of the world market, exported to 114 countries, worth 650 million dollars...". This is the report card of Korea's "nori", which is also known as the "semiconductor of the...
Replacing single-use plastic film with algae-based biodegradable edible film
Portugal The most common technique in the world of food packaging is single-use plastic films. With a little help from the EU, the SeaFilm food packaging project aims to create a substitute for single-use plas...
The Norwegian Pelagic Fishing Course in Week 4
Norway Capelin fishing in Iceland. Herring from the north, mackerel and cod from the west. NVG herring: As expected, it was a week with a lower quantity than the two previous weeks. In total, we have reg...
Why is bottom trawling by foreign vessels at Mile 201 illegal?
Argentina Illegal, unreported and unregulated fishing (IUU or IUU fishing) is a practice that generates great concern in states and society, since it threatens the conservation of ocean biodiversity and causes ...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2023 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER