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, the US Food Foods import business company Mitsui
.
Gellert Global Group, a large food import distributor in New Jersey, USA, announced the acquisition of Mitsui Foods, the US food business asset of Mitsui & Co, and included the latter's tuna brand "Empress brand" in its corporate portfolio
.
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In this transaction, financial consulting company Antarctica Advisors served as the seller’s advisory unit and The Food Institute served as the buyer’s advisor.
The specific transaction amount has not been announced
.
The specific transaction amount has not been announced
.
Gellert claims to be one of the largest and most mature food import distributors in the United States, with annual revenue of more than US$1 billion, and 11 divisional subsidiaries, including Atalanta Corp, Camerican International, JF Braun; Finica, Tipico, De Medici imports, Swiss Chalet Fine Foods, Atalanta International, MoNarch Seafood, Gellfam, WePackItAll and KH International, with more than 6,000 product stock-keeping units (SKU), are mainly supplied to North American processing plants, retailers, catering dealers, hotels, restaurant chains and cruise companies
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Two companies, Atalanta and Camerican under Gellert, are involved in the import of seafood
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Founded in 1945, Atalanta is a large food distribution company; Camerican is a sourcing company that imports fruits, vegetables and seafood to more than 40 countries around the world, and cooperates with more than 140 suppliers
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Founded in 1945, Atalanta is a large food distribution company; Camerican is a sourcing company that imports fruits, vegetables and seafood to more than 40 countries around the world, and cooperates with more than 140 suppliers
.
Gellert stated: "We are proud to integrate the long-established Mitsui Foods business and Empress brand into our product portfolio
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We will continue to conduct mergers and acquisitions in the food import field and other food-related fields
.
"
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We will continue to conduct mergers and acquisitions in the food import field and other food-related fields
.
"
Mitsui Foods is a subsidiary of Japan's Mitsui & Co.
's US food business, headquartered in New Jersey, and is involved in the import of frozen seafood, fruits and vegetables
.
's US food business, headquartered in New Jersey, and is involved in the import of frozen seafood, fruits and vegetables
.
In the seafood sector, Mitsui Foods mainly purchases albacore tuna, bonito and yellowfin tuna, which are sold to various markets in the United States under the Empress brand.
The company also imports frozen shrimp, breaded shrimp, cod, haddock, pollock, Import trade of pangasius, salmon and tilapia under the brand name "Gift of the Sea"
.
The company also imports frozen shrimp, breaded shrimp, cod, haddock, pollock, Import trade of pangasius, salmon and tilapia under the brand name "Gift of the Sea"
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In addition, Mitsui Foods is also involved in the trade of other seafood such as anchovies, mackerel, sardines, clams and oysters
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