Japan's Itoham Yonekyu buys 100% of Anzco Foods as part of Asia growth strategy

Tue, 19 Dec 2017

By Sophie Boot Dec. 19 (BusinessDesk) - Japanese-listed Itoham Yonekyu Holdings has received Overseas Investment Office approval to increase its shareholding of Anzco Foods to 100 percent, from the 65 percent it already owned. Anzco was New Zealand's second-largest meat company and fifth-largest exporter in 2016, with turnover of $1.5 billion and 3,000 employees. It was already 83.3 percent overseas owned, with 16.8 percent of the company held by Japanese marine products company Nippon Suisan Kaisha, known as Nissui, and the remaining 18....

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