Acquisitions · Sushi retail
Zensho buys supermarket sushi operator Advanced Fresh Concepts for $257 million
- Buyer
- Zensho Holdings (Tokyo)
- Target
- Advanced Fresh Concepts, Rancho Dominguez, California
- Value
- $257M
- Status
- Completed in November 2018.
- Date
- 2018-10-16
Zensho Holdings, the operator of the Sukiya beef bowl chain, bought Advanced Fresh Concepts of Rancho Dominguez, California, for $257 million. AFC runs sushi counters in US supermarkets. DLA Piper advised Zensho and Masuda Funai advised AFC.
Why it matters
The deal gave Zensho a large US business selling sushi through supermarkets, a channel it later expanded.
Sources
Kakehashi M&A News home
