Maruha Nichiro takes full control of Seafood Connection

Maruha Nichiro Corporation has announced the acquisition of additional shares of its consolidated subsidiary, Seafood Connection Holding B.V., thereby making it a wholly owned subsidiary.

The Seafood Connection Group is headquartered in Urk (the Netherlands). It is primarily engaged in the sale and distribution of frozen seafood products in Europe. Since 2013, it has been part of the Maruha Nichiro Corporation Group, serving as its operational base for the European market.

A year earlier, Seafood Connection announced a strategic partnership with Northcoast Seafoods Ltd., located in Grimsby, United Kingdom. Both companies thus expressed their intention to advance their ambitions in the UK market.

The Japanese company currently holds 81.96% of the outstanding shares, and to further strengthen the Group's management structure and accelerate profit expansion, it has decided to acquire an additional 18.04% of the shares.

"SCH is expected to continue achieving solid growth in Europe, which is an important hub within the Company’s international strategy," Maruha emphasized in a statement. Also, Jan Kaptijn, CEO of SCH, has been appointed Executive Officer (a concurrent position), effective April 2025.

Finally, Maruha plans to accelerate its Glocal Strategy, a business expansion initiative in key regions around the world, which will strengthen its ability to generate overseas income and achieve its long-term goal of increasing the ratio of ordinary income generated overseas to 70%.