Hull, England, headquartered Chaucer, a producer of freeze-dried foods and bread products, has been acquired by Nagatanien, a Japanese manufacturer and distributor of premixed and instant food.
According to a statement issued by Chaucer: “The acquisition brings together two well-established and successful businesses that share the same corporate philosophies and aligned strategies, with a central focus on health and wellness products and natural ingredients. Further to this, it will serve as a strategic growth platform for both companies, allowing each to benefit from their existing relationships and their respective infrastructures.”
Chaucer is now expected to further expand its global operating platform, which includes production facilities in China and the USA, and take advantage of growth opportunities. The current management team will be retained and CEO Andy Ducker will lead the group along its current direction towards becoming a stronger international business with expanded routes to market.
Founded in 1953 and based in Tokyo, Nagatanien is considered the leader in instant and freeze-dried Japanese food. Its new Chaucer holding will enable the company to enter new markets and provide it with access to clean label products, thus expanding its global footprint.
“We are delighted to be partnering with Nagatanien, said Drucker. “They are a longstanding business and the leading brand in the Japanese market for premixed, instant and freeze-dried food. From inception Nagatanien’s corporate philosophy has been ‘Aji-Hitosuji,’ which translates to ‘naturally excellent taste, and this is perfectly aligned with our own attitude of producing healthy ingredients to meet the growing trend towards healthy eating and nutrition.”
