Japanes Chemical Trading Firm to expand its Activities in Food and Nutritional Ingredients
Nagase Holdings America (New York, NY – United States), a subsidiary of Japanese chemical trading firm Nagase & Co. Ltd. [“Nagase Group”] (Osaka and Tokyo, Japan) and Prinova Group, LLC [“Prinova”] (Carol Stream, IL – United States) announced that they have reached an agreement that Nagase & Co. Ltd. will acquire Prinova for an undisclosed sum.
Nagase Group said the transaction will allow it to expand its global footprint in the Food & Nutritional Ingredients industry. According to a statemnt from Prinova, although “Prinova will be owned by Nagase, its brand, mission and core offerings will remain consistent. The acquisition enables Nagase – which already has a strong brand in Asia – to expand its footprint in North America and Europe, harnessing Prinova’s expertise to serve a broader market. For Prinova, this means a larger operational scale and the pursuit of new business opportunities around the world.”
Source: Nagase press release, Prinova press release
HGE – DCG / 13.06.2019