Nissui and Marubeni take over RAS farmer Danish Salmon

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Japanese giants reach agreement to jointly acquire 66.7 per cent of shares of land-based salmon farmer.

In a statement on Thursday, Japanese seafood company Nissui and major Japanese integrated trading and investment business Marubeni writes that it has acquired a majority share in Danish Salmon.

Marubeni, along with Nissui, wrote that it had jointly acquired 66.7 per cent of Danish Salmon’s shares in order “to grow their business in Europe, and for the purpose of expanding their RAS operation to countries outside of Europe as well”.

Established in 2009, the site produces around 1,000 tonnes of salmon in their land-based facility in Hirtshals. However, originally the company wanted to produce much more.

Through this acquisition, Marubeni, one of Japan’s top five general trading houses, wrote that it “aims to satisfy the increasing global demand for seafood by providing a stable supply of sustainable seafood to consumers all over the world and contribute to solving the social challenge of increased protein demand”.

The news comes as Marubeni faces an annual loss to the tune of USD 1.7 billion, its biggest since Marubeni was listed in 1950, President Masumi Kakinoki said at a briefing in Tokyo on Wednesday, as reported in Bloomberg.

Last year, SalmonBusiness reported that Nissui, one of Japans’ largest seafood companies, was planning to change focus from catching fish to inland fish farming. The company also owns Chilean salmon farmers Salmones Antarctica through its subsidiary Nippon Suisan America Latin.