Kagome Co., Japan’s largest manufacturer of processed tomato foodstuffs, said Thursday it will buy a controlling stake in Heinz Japan Ltd., the Japanese unit of H.J. Heinz Co. of the United States, next February to make it a joint venture with the U.S. food giant.
The deal is part of a strategic alliance Kagome formed with Heinz in July, in which the two firms are to cooperate in boosting operations and earnings in the global market, Kagome said.
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