UK-based sushi restaurant chain Yo Sushi is buying local business Taiko Foods, a supplier of sushi, Asian food-to-go and dim sum to retailers including Waitrose and Costco.
London-based Yo Sushi, founded in 1997, has 97 restaurants of which 76 are in the UK.
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Taiko Foods, which employs 220 people in west London, was founded in the same year. Until 2013, it was part of MCM Foods Manufacturing, a subsidiary of Mitsui & Co, one of Japan’s biggest trading companies.
It is understood Yo Sushi restaurants and Taiko will continue to operate as separate businesses.
Yo Sushi, known for serving its food on a rotating conveyor-belt, announced in November the CAD100m (US77.7m) acquisition of the Toronto-based restaurant chain Bento Sushi.
The financial details of the Taiko Foods deal were not disclosed.
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By GlobalDataThe business publication City A.M. quoted Yo! Sushi chief executive Richard Hodgson as saying: “This acquisition takes Yo into the next stage of its development, and further expands its global multi-format and multi brand sushi business with extensive manufacturing operations in both the UK and North America.”
just-food has asked both Yo Sushi and Taiko Foods for further comment.
