Japan Tobacco, the world’s third-largest tobacco producer, today (18 January) announced that it will buy a majority stake in seasonings maker Fuji Foods.
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The deal will see Fuji, which has six manufacturing facilities in Japan and overseas, become a subsidiary of the tobacco giant.
Japan Tobacco is looking to expand into the food business as demand for tobacco product in Japan wanes.
In November, the company teamed up with Nissin Food Products Co. to buy local frozen foods group Katokichi Co.
That deal created Japan’s largest frozen foods firm, as the three companies merged together their frozen foods businesses.
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