Japan’s Arcs Co. is to acquire rival Universe Co. in a deal that will create the country’s second-largest food supermarket operator.

The acquisition will become effective on 21 October, Arcs said today (30 June). The transaction will see Universe become a wholly-owned subsidiary of Arcs through a stock swap.

One Universe share will be exchanged for 1.205 Arcs share. Universe’s president, Koichi Miura, will become chairman of Arcs on completion of the deal.

Arcs operates around 200 stores in Hokkaido, while Universe operates 47 in the Aomori, Iwate and Akita regions.

Arcs said the food supermarket industry is operating in “a weak consumer environment”, particularly following the March 2011 earthquake. In order to offset this, Arca said companies are “aiming to further improve customer satisfaction”.

The firm added that “synergies and integration of management techniques” will further strengthen competitiveness. Through the acquisition, Arcs said it hopes to grow further and increase corporate value for the entire group.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now