Maruha Nichiro Acquires VDL Group for €40 million
Japanese seafood company Maruha Nichiro Corporation (MNC) recently acquired Netherlands-based seafood company Van der Lee Seafish Beheer B.V. (VDL Group) for €40 million (USD $44.36 million).
The decision to acquire the VDL Group was announced at MNC’s Board of Directors meeting on May 12, where the Board resolved on a capital injection in the amount of €40 million for MNC’s consolidated subsidiary Maruha Nichiro Europe Holding B.V (MNEH) to acquire a majority stake in Van der Lee Seafish Beheer B.V. (VDL Group), and for MNEH’s subsidiary Seafood...
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