The world’s biggest soy sauce producer is looking to dealmaking for global expansion as Japanese food companies seek to capitalise on the cuisine’s popularity abroad amid a shrinking population at home.
The international head of Kikkoman, which supplies more than half of the US’s soy sauce, said the 108-year-old company would consider mergers and acquisitions as it hit the limits of organic expansion abroad.
“Compared to before, I feel the merits of acquisitions are higher,” Osamu Mogi told the FT, citing a tight labour market in the US. “Hiring talent in the US has become very difficult. In that sense, if we acquired a company that has people, we might be able to secure talent.”
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