KYOKUYO TAKES MAJORITY STAKE IN DUTCH SEAFOOD PROCESSOR

Kyokuyo takes majority stake in Dutch seafood processor. Tokyo-listed seafood company Kyokuyo has bought a majority interest in Northseafood Holland as part of its strategy to establish an overseas processing presence.

The undisclosed stake has been acquired through the Netherlands holding business NSF Holding, the financial terms of which were not revealed in a statement from the Japanese firm.

NS Holland, as the Dutch business is known, will trade as a subsidiary of Kyokuyo Europe. The deal adds to the majority holding the Japanese parent company took in Turkey’s Kocaman Fisheries Export and Import Trade in January.

Established in 1981, Kocaman supplies fresh and frozen seafood and in 2022 posted an annual turnover of €13.9m ($15m).

With a factory in Urk, NS Holland is engaged in fishing through to processing and packaging of fresh seafood for the retail and foodservice channels and also supplies to B2B customers.

The company serves private-label accounts but also offers its own Deliz brand, including value-added products such as breaded fish.

Set up in 1982, the Netherlands business supplies the local and other European markets.

Founded in 1937, the Kyokuyo group includes the Japanese affiliates Kyokuyo Suisan, Kyokuyo Fresh, Kyokuyo Shokuhin and Kyokuyo Foods, along with Thailand-based Kyokuyo Global Seafoods.

It owns the seafood brands Sea Marché and Dandori Jozu, with the latter also offering meat products.

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