Kyokuyo has taken a majority stake in Northseafood Holland – a Dutch seafood processing company. The strategic move from the Tokyo-listed seafood company seems to be part of a wider strategy to establish an overseas processing presence. Founded in 1937, and posessing a strong Japanese affiliate base which includes several seafood processing companies, Kyokuyo now sets sights on the international market.
Following the deal, Northseafood Holland will trade as a subsidiary of Kyokuyo Europe. The deal adds to the majority holding the Japanese parent company took in Turkey’s Kocaman Fisheries Export and Import Trade in January.
Through a factory owned by its new Dutch subsidiary, KyoKuyo will engage in the European industry from fishing through to processing and packaging of fresh seafood for the retail and foodservice channels. The newly acquired Northseafood Holland will continue to serve both private-label accounts and its own Deliz brand, providing value-added products such as breaded fish.
