Maruha Nichiro Acquires a Stake in Surimi Manufacturing Company Kibun Foods, Inc.
Japanese seafood company Maruha Nichiro Corporation has announced it has acquired a stake in Kibun Foods, Inc. The company has purchased 2,261,200 shares for 2,820 million yen.
Kibun Foods, Inc. is a manufacturer and seller of surimi seafood products from Japan and Thailand. The company uses surimi — a raw material for fish paste products — to mimic the texture and color of lobster, crab, or shellfish meat.
As one of the largest fishery, aquaculture and food processing companies in the world, Maruha Nichiro will now be...
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