Marubeni Acquires Alaska Salmon Processing Plant, Expands Sockeye Salmon Production
Tokyo, Dec 23, 2011 (JCN) - Marubeni Corp., through its wholly owned subsidiary North Pacific Seafoods Inc. (NPSI), has reached an agreement with Yardarm Knot Inc. (YAK) to acquire the Red Salmon Cannery (Red Salmon) for US$47 million to expand its Alaskan Seafood operation.
With the acquisition of Red Salmon, NPSI's annual seafood production volume will be increased from 45,000M/T to 57,000M/T.
Alaska seafood, including Wild Salmon, has been well managed by US National Marine Fisheries Service and Alaska Department of Fish and Game. Many Alaska seafood species have obtained MSC certification, which is highly rated worldwide.
Alaska supplies 50% of wild salmon worldwide. About 75% of Sockeye Salmon supply, which is very familiar with the Japanese consumer, is supplied from Alaska. This acquisition by Marubeni is expected to increase the volume of Alaskan Sockeye Salmon they handle.
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