Marubeni Corporation
Dec. 22, 2011
Marubeni Corporation ("Marubeni") announces that
100% owned subsidiary North Pacific Seafoods Inc. (NPSI) has
reached an agreement with Yardarm Knot Inc. (YAK) to acquire
the Red Salmon Cannery (Red Salmon) to expand its Alaskan
Seafood operation. The amount will be about US$47
million.
With the acquisition of Red Salmon, NPSI's annual
seafood production volume will be increased to 57,000M/T from
45,000M/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 world wide wild salmon. 75% of
Sockeye Salmon, which is very familiar with the Japanese
consumer, is supplied from Alaska. (Sockeye salmon is not
farmed).
With this acquisition, Marubeni Seafood group will
increase the volume of Alaskan Sockeye Salmon they
handle.
Since Marubeni joined the Alaska Seafood industry in
1972, they have been selling Alaskan Wild Salmon and have the
highest market share of Sockeye Salmon in the Japanese
market. Marubeni will increase the volume of all other
seafood, which together with Alaskan Salmon will enhance
Marubeni's stable seafood supply as part of global food
supply chain.
Address: Mile maker 15, Naknek AK 99633, USA
Site Area: 175,000m2
Facility: Frozen Processing Line, Canning Processing
Line
Main Item: Sockeye Salmon 9,000M/T (annually)
Sac
Roe Herring 3,000M/T (annually)
Shareholder: Marubeni Corporation 100%
Business: Processing Alaska Seafood, Importing seafood
Main Item: Salmon, Pacific Cod, Pollock, Halibut, Rock Fish,
Flatfish, Shrimp
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