Maruha Nichiro Merges US Pollock Subsidiaries
Maruha Nichiro announced the merger of two US-based Alaska pollock subsidiaries, Westward Seafoods and Alyeska Seafoods.
“The merger of the two companies, which have overlapping business operations, will create a more efficient operating structure and increase profitability through production efficiency,” per a notice published by the Japanese seafood giant.
Both businesses were described as Alaska pollock companies that produce surimi, fillets, roe, and meat, along with cod and crab products.
The firm said the merger would not impact its financial results because they are wholly-owned consolidated subsidiaries...
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