TOKYO, Mar 31 (Pulse News Wire) – Kobe Bussan CO.,LTD. (3038.T) announced plans to establish a joint venture (JV) with Gourmet Kumeya to acquire shares in 15 companies.
The JV, named Meal Hub, will focus on airline catering services. The capital investment for Meal Hub will amount to ¥1 million. Expected establishment date is April 08, 2026. Kobe Bussan's acquisition strategy includes enhancing its supply chain capabilities through synergies with Gourmet Kumeya’s extensive network of restaurants and food service operations.
Key acquisitions include LSG Sky Chefs New Zealand Limited, established in November 17, 2005; CLS Catering Service Limited, founded in 1980; and LSG Catering Guam, Inc., set up in 1985. Financial details show that LSG Sky Chefs New Zealand had revenues of NZD ¥152,635 thousand in 2023, while CLS Catering Service Limited reported CAD 18,217,512 in sales for the same period. The acquisition prices for these entities were determined based on fair valuation methods agreed upon by both parties. The JV formation and subsequent share purchases are scheduled to take place in 2026, contingent on regulatory approvals and fulfillment of contractual conditions.
Kobe Bussan expects to finalize the M&A transactions during the fiscal year ending September 2026.
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