Ajinomoto completes acquisition of French frozen food firm
Smoked salmon product of Labeyrie. (Photo: Labeyrie Traiteur Surgelés)
(JAPAN, 11/8/2017)
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)
Previous news:
Lenguaje
FEATURED EVENTS
TOP STORIES
The price of oil Peru
Fishing and aquaculture for human consumption, those invisible arts to feed the world, have suffered for centuries in our country from enormous neglect by official entities, which keep them relegated,...
Vietnamese canned tuna increases market share in the US Viet Nam
Vietnam's canned tuna exports continue to grow rapidly in the first months of 2024. In April 2024 alone, canned tuna exports to this market increased by 127 %, reaching more than 10 million USD. A...