Newlat Food Completes Acquisition of Mitsubishi Corp.’s Princes Group
Italy’s Newlat Food has completed the acquisition of Mitsubishi Corp.’s Princes Group.
The sale of Princes has been in the works since 2023 when Mitsubishi first put the group on the market. While there was some interest, Mitsubishi couldn’t lock in a buyer. But then, in December 2023, Newlat entered as a serious contender. A press release published on December 12 stated that the company was in “a very advanced stage” of the negotiation process, and that the entire management team was...
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