Global Food Creators Co., Ltd. cancelled the acquisition of Intercrest Co., Ltd. from Naomi Utsunomiya.
February 14, 2020
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Global Food Creators Co., Ltd. (JASDAQ:7559) agreed to acquire Intercrest Co., Ltd. from Naomi Utsunomiya on February 15, 2019. The transaction was resolved by the board of directors of Global Food Creators on February 15, 2019. As of March 31, 2018, Intercrest reported total common equity as ¥417.7 million, total assets as ¥1,582.6 million, revenue as ¥3,293.2 million, EBIT as ¥29.4 million and net income as ¥7.8 million. The transaction is expected to close on February 18, 2019.
Global Food Creators Co., Ltd. (JASDAQ:7559) cancelled the acquisition of Intercrest Co., Ltd. from Naomi Utsunomiya on February 15, 2020.
GLOBAL FOOD CREATORS CO., LTD. is a Japan-based company mainly engaged in the commercial processed food business. The Company is engaged in the planning, manufacture and sales of processed foods used in sightseeing inns, hotels, ceremonial occasions, and other food service industries. Products include appetizers, sushi, kaiseki, Japanese confectionery, seasoning.