Seiwafood Co & Yokohama Reito Co Ltd | Update Date: 12/21/08 |
| Date Announced: 11/26/08 |
| Value (million $USD): n/a |
|
| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 11/26/08 | | |
| Date Originally Announced | 11/26/08 | | |
| Format | Merger | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | n/a |
| Value | n/a | Advisor Fees | n/a |
| SYNOPSIS |
| JAPAN - Yokohama Reito Co Ltd (YR) acquired the entire share capital of Seiwafood Co (SF), a wholesaler of eels, from Mr.Shinki Inagaki, CEO of SF, and other shareholders. Terms were not disclosed. Originally, YR agreed to acquire a 92% interest in SF. |
| TARGET |
| Name | Seiwafood Co |
| Industries | Business services, nec |
| City | Tokyo |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Seiwafood Co, headquartered in Tokyo, Japan, imports and wholesales eels. Founded in 1991. |
| Advisors | Nomura Securities Co Ltd |
| Target Sales | 101.7 million U.S. Dollar 11.01 billion Japanese Yen |
|
| ACQUIROR |
| Name | Yokohama Reito Co Ltd (Tokyo 1 : 2874) |
| Industries | Fish and seafoods; Meats and meat products; Real estate agents and managers |
| City | Yokohama-Shi, Kanagawa |
| State | n/a |
| Nation | Japan |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Yokohama Reito Co Ltd's principal activities are to provides refrigerated warehousing services, and to wholesale and process marine products and live stock products. The operations are carried out through the following divisions: Refrigerated warehousing, Sales and others. The Refrigerated warehousing services division provides refrigerated warehousing service of imported products and related services. The Sales division deals with wholesale and processing of marine and livestock products. The other divisions deal with real estate and others. |
| Advisors | NULL |
| Acquiror Sales | 1.18 billion U.S. Dollar 125.23 billion Japanese Yen |
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