Italy’s Newlat Food Buys Princes Group From Mitsubishi Corp. For £700 M
Princes, an international food and drink group that has been incorporated within the Mitsubishi Corporation since 1989, is being sold to Newlat Food S.p.A. in a deal valued at £700m. The company’s brands include Princes, which offers canned fish options like tuna chunks, as well as a range of other products like canned peach slices and orange juice. Popular Austrian canned fish brand Vier Diamanten also falls under the Princes Group umbrella.
The sale of Princes has been in the works since 2023 when...
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