International

Viscofan buys Nitta Casings for €12.1 million

Mergers & Acquisitions

The move aims to consolidate the Spanish company position in North America.

Posted on Jan 08 ,09:45

Viscofan buys Nitta Casings for €12.1 million

The Spanish casings producer Viscofan will pay €12.1 million for both factories owned in the US and Canada by Nitta Casings, a subsidiary of the Japanese Group Nitta Gelatin. The operation was carried out with a cash disbursement of 2.5 million, in addition to another 9.6 million in financial products such as debt and pensions, according to CDeComunicacion magazine.


This purchase aims to consolidate Viscofan's activity in North America. Nitta Casings has an annual turnover of 40 million dollars and a large presence in both markets. The facilities it has are a collagen extrusion center in New Jersey (United States) with a finishing company in Ontario (Canada).

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

DENMARK

Danish Crown becomes co-owner of promising climate technology

It may sound strange that a burning gas torch at a slurry tank can reduce the climate footprint o...


Read more Read more
GERMANY

Germany: Poultry meat and eggs are produced sustainably and are important for a balanced diet

The recommended amount of meat consumed does not correspond in any way to the national consumptio...


Read more Read more
WALES

HCC champions female farmers ahead of International Women’s Day

Two beef and sheep farmers from mid Wales spoke to Hybu Cig Cymru - Meat Promotion Wales (HCC) - ...


Read more Read more
Websolutions by Angular Software and SpiderClass