Japanese trading house Mitsubishi Corporation has snapped up three food groups – Nosan Corp, Nitto Fuji Flour Milling and Nihon Shokuhin Kako.
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Mitsubishi will invest JPY19.7bn (US$162m) in Nosan, JPY5.2bn in Nitto and JPY2.3bn in Nihon, the company said late last week. All three will remain listed as separate companies.
Mitsubishi has pursued an aggressive investment strategy, seeking to boost efficiency in its food businesses by realising synergies in processing, distribution and sales.
