Japan’s Kewpie Corp. is acquiring Polish food maker Mosso Kwasniewscy as part of its overseas expansion efforts.
Mosso will become a wholly-owned subsidiary of the Tokyo-based company, renowned for its mayonnaise products. It will be known as Mosso Kewpie Poland, the Japanese firm said.
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Completion is expected by the end of December.
Mosso presently accounts for 6% of the Polish mayonnaise market, making it the fourth-largest local player. It also produces ketchup, mustard and other sauces, has a staff of 147 and reported net sales of JPY2.38bn (US$22.8m) in 2015. The purchase price was not disclosed.
In a statement, Kewpie said it has been “accelerating” its growth in China and south-east Asia, has entered the North American market and gained a foothold in Europe in August 2015 through the opening of Kewpie Trading Europe, in Amsterdam.
“Mosso is a popular mayonnaise brand in Poland and, through the acquisition of this brand, production base and sales channels in Eastern Europe, we aim to speed up our European expansion,” said Kewpie.
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