Aug, 07 2018 15:47 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation to Acquire Major Share of Food Manufacturer Gourmet Delica


TOKYO, Aug, 07 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) hereby announces plans to purchase an 80% stake of Gourmet Delica Co., Ltd. from its current owner Kewpie Corporation. Gourmet Delica manufactures pre-cooked rice and other delicatessen for use in lunch boxes, most of which is sold to Lawson Inc., the operator of Japan's third largest chain of convenience stores and an MC Group company. The proportion of Gourmet Delica's operations being acquired by MC essentially comprises the segments of the business that cover its transactions with Lawson, and will be spun off to form a new entity, albeit carrying the same name, by way of a company split. That new Gourmet Delica will be incorporated on October 1, thereby becoming an MC Group company. From October 1, the remaining segments of the old Gourmet Delica's business, including non-Lawson related frozen confectionery, will continue operating with the name changed to Soka Delica Co., Ltd.

The current Gourmet Delica was established by Kewpie in 1990 and has excellent production technology and R&D capacity, especially as it relates to steamed rice products used in lunch boxes. One of the country's premier manufacturers of pre-cooked foods, Gourmet Delica has been a top Lawson supplier for nearly 30 years.

Although this transaction brings the new company under the umbrella of the MC Group, Kewpie will retain a 20% share of the new Gourmet Delica and will continue working closely with MC to further develop the company. The arrangement, overall, is expected to contribute to helping Lawson reach its target of 600,000 yen in average daily sales per store (in Japan) by 2021.

The acquisition will also allow MC to become more directly involved in different sections of its food businesses supply chain, and further strengthen the MC Group's integrated supply chain. This ranges, for instance, from the procurement of raw materials to the manufacture of lunch boxes through operations at Gourmet Delica and aspects executed by other Group companies such as logistics handled by Mitsubishi Shokuhin and retail through Lawson. The move will ultimately enable the delivery of further value-added products and help raise customer satisfaction at Lawson.


About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry, including industrial finance, energy, metals, machinery, chemicals, and daily living essentials. MC's current activities have expanded far beyond its traditional trading operations to include investments and business management in diverse fields including natural resources development, manufacturing of industrial goods, retail, new energy, infrastructure, finance and new technology-related businesses.

With over 200 offices and subsidiaries in 90 countries and regions worldwide and a network of approximately 1,300 group companies, MC employs a multinational workforce of over 70,000 people.

For more information, visit https://www.mitsubishicorp.com/jp/en/


Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705
Source: Mitsubishi Corporation
Sectors: Food/Beverage

Copyright ©2018 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Fukuoka International Airport Co. Signs Project Agreement for the Operation of Fukuoka Airport
August 01 2018 15:45 JST
 
Mitsubishi Corporation Reaches Final Investment Decision on Quellaveco Copper Mine Project
July 27 2018 10:50 JST
 
Mitsubishi Corporation Commences Construction and Partially Transfers Shares In Dutch Offshore Wind Farm Project
June 29 2018 10:43 JST
 
Fukuoka Airport Holdings-led Consortium to Enter into a Basic Agreement for the Operation of Fukuoka Airport
June 26 2018 14:30 JST
 
Mitsubishi Corporation Named Preferred Bidder for Offshore Transmission Asset in the UK
June 21 2018 12:00 JST
 
Mitsubishi Corporation to Acquire Additional 21.9% Stake in Quellaveco Copper Mine Project
June 15 2018 15:04 JST
 
Mitsubishi Corporation Reaches Agreement to Sell Interest in Gregory Crinum Coking Coal Mine in Australia
May 31 2018 09:54 JST
 
Mitsubishi Corporation Awarded Contract for Port Rehabilitation in Iraq
May 30 2018 13:22 JST
 
INCJ and Mitsubishi Corporation to Invest in Microalgae Protein Maker Tavelmout
May 22 2018 14:19 JST
 
Mitsubishi Corporation Establishes New Housing Developer in the Philippines
May 16 2018 09:41 JST
 
More Press release >>

Latest Press Release


More Latest Release >>