Food and Beverage Business
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Nordic Seafood expands with acquisition of Dutch fish producer Maxima

Nordic Seafood expands with acquisition of Dutch fish producer Maxima Fish & Seafood Food and Beverage Business

Nissui, a Japanese giant in the food and beverage industry, has acquired a majority stake in Netherlands-based fish producer Maxima Seafood, part of its long-term vision to accelerate its global expansion and grow its business in Europe.

The deal for Netherlands-based Maxima was conducted through Nissui’s Denmark-based subsidiary Nordic Seafood. “Maxima will continue as a standalone business,” a Nordic Seafood spokesperson told Just Food.

Nissui’s recent moves in the region include its 2019 acquisition of UK-based Flatfish and its 2021 deal for Three Oceans, another business based in the UK.

In September, Sealord, a New Zealand joint venture between Nissui and Māori-owned Moana New Zealand, netted local fishing company Independent Fisheries, making it the country’s largest seafood business.

In the three months to the end of September, Nissui generated net sales of Y407.13bn ($2.78bn), up 7.9% on a year earlier. Operating profit grew 22.1% to Y16.28bn. Net profit dipped 0.5% to Y11.69bn.

Nissui’s last full financial year ran to the end of March. Net sales were Y768.18bn, some 10.7% higher year on year. Operating profit fell 9.6% to JPY24.49bn. Net profit rose 22.9% to Y21.23bn.

The company processes and sells locally caught fresh fish, Japanese scallops, and tuna. Nordic Seafood’s portfolio includes fish and seafood species such as shrimp, squid, and cod. The company supplies to customers in the foodservice and retail channels, as well as to food manufacturers.

According to a Nordic Seafood spokesperson, “Maxima will continue as a standalone business.”

Additionally, in September, Sealord, a New Zealand joint venture between Nissui and Māori-owned Moana New Zealand, netted local fishing company Independent Fisheries, making it the country’s largest seafood business. This demonstrates Nissui’s commitment to expanding its global presence and growing its business in Europe.

The group has also made noteworthy acquisitions in the UK, including its 2019 acquisition of Flatfish and its 2021 deal for Three Oceans.

The acquisition of Maxima Seafood is part of Nissui’s long-term vision to expand globally and grow its business in Europe, marking an important step in the company’s strategic growth plans.

If you are interested in learning more about Nissui and its recent acquisitions, you can access comprehensive Company Profiles powered by GlobalData to gain a competitive edge in the food and beverage industry. Simply view profiles in store to save hours of research.

The acquisition of Maxima Seafood aligns with Nissui’s long-term vision to accelerate its global expansion and grow its business in Europe, demonstrating the company’s commitment to staying ahead of food and beverage industry trends.

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