GCA Altium advises Nichirei Logistics Group Inc on its acquisition of Norish’s cold storage division
Nichirei Logistics Group operates the world’s sixth-largest refrigerated storage capacity. It has been developing its cold storage logistics business in Europe since 1988. In the UK, Nichirei offer customs clearance and transportation services through its Thermotraffic subsidiary and value-added services (such as thawing and freezing services) in inland areas through Kevin Hancock Limited. This acquisition will enable the Nichirei Logistics Group to make a full-scale entry into the refrigerated warehousing business in the UK.
GCA Altium mobilised a cross-border advisory team, with colleagues both in the UK and Japan, to support Nichirei with this acquisition. The transaction is scheduled to complete in October 2021, subject to shareholder approval.