Japanese food processor Nichirei and compatriot transportation company Meito have agreed to start up a food transportation project to streamline operations. Nichirei will purchase 550,000 or 5% of Meito’s outstanding shares, reported Dow Jones. The company is Japan’s largest frozen food manufacturer and also leads the refrigeration warehousing sector.
Japanese food processor Nichirei and compatriot transportation company Meito have agreed to start up a food transportation project to streamline operations.
Nichirei will purchase 550,000 or 5% of Meito’s outstanding shares, reported Dow Jones. The company is Japan’s largest frozen food manufacturer and also leads the refrigeration warehousing sector.
