The acquisition is an integral part of T. Hasegawa Co. Ltd.’s strategy to accelerate its growth, by increasing investment in international markets
T. Hasegawa USA, Inc. announced today that it completed the acquisition of Affinity Flavors, a privately owned company based in Corona, California. The acquisition is an integral part of T. Hasegawa Co. Ltd.’s strategy to accelerate its growth, by increasing investment in international markets. Terms of the transaction were not disclosed.
Following its prior investment in South East Asia, via the acquisition of Peresscol in Malaysia, and new capital investment in China, the acquisition of Affinity Flavors is aimed at strengthening its American market position. Takao Umino, Director, Deputy President & CFO of T. Hasegawa Co. Ltd., commented on the transaction, “This is an acquisition for growth—meaning its principal strategic objective is to give T. Hasegawa a stronger market penetration in the United States. Affinity, with its focus on Health & Wellness markets, brings complementary capabilities to our historical markets.”