Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 7 August 2018, 14:47 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation to Acquire Major Share of Food Manufacturer Gourmet Delica

TOKYO, Aug 7, 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) hereby announces plans to purchase an 80% stake of Gourmet Delica Co., Ltd. from its current owner Kewpie Corporation. Gourmet Delica manufactures pre-cooked rice and other delicatessen for use in lunch boxes, most of which is sold to Lawson Inc., the operator of Japan's third largest chain of convenience stores and an MC Group company. The proportion of Gourmet Delica's operations being acquired by MC essentially comprises the segments of the business that cover its transactions with Lawson, and will be spun off to form a new entity, albeit carrying the same name, by way of a company split. That new Gourmet Delica will be incorporated on October 1, thereby becoming an MC Group company. From October 1, the remaining segments of the old Gourmet Delica's business, including non-Lawson related frozen confectionery, will continue operating with the name changed to Soka Delica Co., Ltd.

The current Gourmet Delica was established by Kewpie in 1990 and has excellent production technology and R&D capacity, especially as it relates to steamed rice products used in lunch boxes. One of the country's premier manufacturers of pre-cooked foods, Gourmet Delica has been a top Lawson supplier for nearly 30 years.

Although this transaction brings the new company under the umbrella of the MC Group, Kewpie will retain a 20% share of the new Gourmet Delica and will continue working closely with MC to further develop the company. The arrangement, overall, is expected to contribute to helping Lawson reach its target of 600,000 yen in average daily sales per store (in Japan) by 2021.

The acquisition will also allow MC to become more directly involved in different sections of its food businesses supply chain, and further strengthen the MC Group's integrated supply chain. This ranges, for instance, from the procurement of raw materials to the manufacture of lunch boxes through operations at Gourmet Delica and aspects executed by other Group companies such as logistics handled by Mitsubishi Shokuhin and retail through Lawson. The move will ultimately enable the delivery of further value-added products and help raise customer satisfaction at Lawson.


Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705



Topic: Press release summary
Sectors: Food & Beverage
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://ph.linkedin.com/company/mitsubishi-corporation

Mitsubishi Corporation
Jan 19, 2021 09:25 HKT/SGT
Mitsubishi Corporation: Commercial Operations Commence at Methanol / Dimethyl Ether Plant in Trinidad and Tobago
Dec 24, 2020 16:01 HKT/SGT
Vietnam Pilot Project Utilizing TradeWaltz Platform Adopted Under Government's Supply-Chain Diversification Scheme
Dec 8, 2020 15:01 HKT/SGT
MC Signs Rolling Stock Contracts with Myanma Railways
Nov 24, 2020 13:15 HKT/SGT
Mitsubishi Corporation Signs Contract with Egyptian Government for Phase 1 of Cairo Metro Line 4
Oct 30, 2020 23:10 HKT/SGT
Hitachi Rail and Mitsubishi Corp to Deliver Metro de Panama Line 3 worth JPY 92.0 Billion
Oct 28, 2020 09:30 HKT/SGT
Trials of Jointly Developed Compact LNG Filling System to Commence in Hokkaido
Oct 27, 2020 11:25 HKT/SGT
Mitsubishi Corporation: Cross-Industry Investment by Seven Enterprises in New TradeWaltz Platform
Oct 1, 2020 09:09 HKT/SGT
MC Commences Feasibility Study on Biometric Authentication Platform in Turkey
Sept 23, 2020 15:00 HKT/SGT
Mitsubishi Corporation: Use of CO2 in Concrete / Partnership with Blue Planet Systems Corporation
Sept 15, 2020 08:41 HKT/SGT
Mitsubishi Corporation and Surbana Jurong Joint Venture to Form Partnership with SinarMas Land to Advance Smart, Sustainable Transit-Oriented Developments in Indonesia
More news >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: