Tokyo / JP. (eb) Yamazaki Baking Co. Limited, Japan’s largest manufacturer of bread, sweet buns and more, will take over the packaged bread business from Kobeya Baking Co. Limited, which has its sales area mainly in the Kanto and Kansai regions. This continues the structural change in the Japanese market. For a long time, the country has been observing a decline in population. A new factor is the significant rise in raw material and production costs caused by the current global crises.
Founded in 1918, the business purpose of the Kobeya Group has so far included the production and sale of bread, cakes, frozen dough as well as delicatessen products. It also includes the development and operation of several bakery brands and bakery restaurants, according to its website. However, the available information is all from 2017 and thus may be out of date.
According to the announcements from Tokyo, Yamazaki Baking will not only take over the packaged bread business, but also the deli business. Yamazaki and Kobeya are said to have contractually sealed their intentions at the end of May 2022.
With the acquisition, Yamazaki Baking aims to improve the efficiency of its production system in the Kansai region and strengthen its sales force. Kobeya Baking now plans to focus on its restaurant business. The acquisition is scheduled to be completed by the end of February next year. Yamazaki Baking intends to retain the Kobeya bread brand for the time being after the acquisition.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center