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Maruha snaps up 10% stake in Japan’s largest surimi producer for $19m

Japan's Maruha Nichiro has acquired a minority stake in Kibun Foods with a capital alliance to collaborate in manufacturing at home and developing offshore surimi product markets

By Masahiko Takeuchi | March 25, 2024 10:02 GMT
Photo: Kibun Foods' chikuwa, a tube‐shaped surimi. Credit: Kibun
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Japanese seafood giant Maruha Nichiro is set to acquire a 9.9% stake in Kibun Foods, the country's largest surimi producer, for JPY 2.82 billion ($18.7 million), the company announced on Monday (March 25). [...]

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