TOKYO (XFN-ASIA) - Kagome Co Ltd, a major producer of tomato-based foods and beverages, has become the top shareholder of a Portuguese tomato paste maker, the Nikkei reported, without citing sources.
The Japanese firm acquired a 43 pct stake in the holding company for Industria de Transformacao de Produtos Alimentares SA (Italagro) for 2.7 mln eur, the financial daily said.
Italagro group is capable of processing a total of 200,000 tons of tomatoes a year. Kagome procures around 95 pct of its tomatoes and processed tomatoes from overseas.
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