Japanese noodle giant Nissin Food Products Co. has revealed plans to acquire frozen food group Nicky Foods for JPY1.8bn (US$16.9m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


 


The move, which will significantly strengthen Nissin’s frozen business, will see Nissin buy all outstanding Nicky shares on 1 July.


The acquisition will expand Nissin’s frozen food sales to JPY40bn, the company said in a statement. The company added that it plans to grow this figure to JPY50bn by 2010.


In February, Nissin ripped up plans to merge its frozen foods business with local tobacco giant Japan Tobacco amid claims that ten Japanese had fallen ill after eating poisoned Chinese dumplings sold by the cigarette maker.

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 - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now