Japanese ham producer Sagami Ham Co. has issued further shares to major Japanese power company Air Water, giving it a controlling stake in the mid-sized food producer.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sagami Ham will now issue JPY620m (US$) in new shares to Air Water, giving the Osaka-based company a 51% stake.
Air Water, which already makes premium ham products in Hokkaido through an affiliate, said it now wants to develop a food business focusing on frozen ingredients and raw ham.
This deal will also expand its distribution network by creating a tie-up with Air Water’s other Hokkaido- based affiliate Spring Snow.
Established in Fujisawa city in Kanagawa Prefecture in 1948, Sagami is worth about JPY1.24bn, according to Air Water.
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
