Viscofan buys Nitta Casings for €12.1 million
The Spanish casings producer Viscofan will pay €12.1 million for both factories owned in the US and Canada by Nitta Casings, a subsidiary of the Japanese Group Nitta Gelatin. The operation was carried out with a cash disbursement of 2.5 million, in addition to another 9.6 million in financial products such as debt and pensions, according to CDeComunicacion magazine.
This purchase aims to consolidate Viscofan's activity in North America. Nitta Casings has an annual turnover of 40 million dollars and a large presence in both markets. The facilities it has are a collagen extrusion center in New Jersey (United States) with a finishing company in Ontario (Canada).
As a result, the Restocker Lamb Indicator price has risen to 735¢/kg carcase weight (cwt) wh...
This moving production highlights the essential role of generational change in the Spanish countr...
During the meeting, the sector expressed its concern about the serious consequences that the...
