Nissui, the Japanese conglomerate, has secured a controlling interest in Maxima Seafood, a fish producer headquartered in the Netherlands.
The agreement for Netherlands-based Maxima was facilitated through Nissui’s Danish subsidiary, Nordic Seafood.
“Maxima will continue as a standalone business,” affirmed a spokesperson from Nordic Seafood.
The company handles the processing and sale of locally sourced fresh fish, Japanese scallops, and tuna.
Nordic Seafood’s assortment comprises various fish and seafood varieties, such as shrimp, squid, and cod. The company distributes its products to clients in both the foodservice and retail sectors, as well as to food manufacturers.
As per a statement, Nissui expressed that the transaction is integral to its “long-term vision” aimed at expediting global expansion and fostering business growth in Europe.
The group’s recent activities in the region encompass the acquisition of UK-based Flatfish in 2019 and the 2021 deal for Three Oceans, another UK-based business.
During September, Sealord, a joint venture between Nissui and Māori-owned Moana New Zealand, successfully acquired Independent Fisheries, a local fishing company. This transaction positioned Sealord as the largest seafood business in New Zealand.
During the three months ending in September, Nissui recorded net sales of Y407.13 billion ($2.78 billion), marking a 7.9% increase from the previous year. Operating profit saw a notable growth of 22.1%, reaching Y16.28 billion, while net profit experienced a slight decrease of 0.5% to Y11.69 billion.
Nissui concluded its most recent full financial year ending in March. Net sales amounted to Y768.18 billion, marking a 10.7% increase compared to the previous year. Operating profit experienced a 9.6% decrease, reaching JPY24.49 billion, while net profit saw a notable rise of 22.9% to Y21.23 billion.