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Article: NIPPON SUISAN, CHUO GYORUI TO INTEGRATE OPS AS PRICES CLIMB.
- Article from:
- AsiaPulse News
- Article date:
- January 11, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Jan 11 Asia Pulse - Nippon Suisan Kaisha Ltd. (TSE:1332) and seafood wholesaler Chuo Gyorui Co. (TSE:8030) on Thursday announced plans to combine their wholesale and distribution businesses in response to rising seafood prices.
As part of the deal, Nippon Suisan's seafood wholesaling subsidiary Hohsui Corp. (TSE:1352) will merge with Chuo Gyorui's freezer warehouse subsidiary, Chuo Reito Co., on April 1, with Hohsui as the surviving entity. The merged company will be a consolidated subsidiary of Chuo Gyorui.
Nippon Suisan's seafood ...