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Mitsui Agreed to Acquire 100% shares of the Food Service Logistics Business in Japan and Taiwan

Oct. 25, 2024


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Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has agreed to acquire all shares in the HAVI Supply Chain business in Japan (HAVI Supply Chain Solutions Japan G.K.,) and the HAVI Supply Chain business in Taiwan (HAVI Logistics (Taiwan) Ltd and Hong Jin Transportation Company, Ltd). All three entities are affiliated to The HAVI Group, LP ("HAVI", Head Office: Chicago, Illinois, U.S.A.), which provides multi-temperature logistics services for the food service industry on a global basis. This is planned to be executed within the fiscal year ending March 2025, after the fulfillment of condition precedents, including obtaining the necessary approvals.

HAVI is a multi-temperature supply chain management provider globally, managing the supply chains of leading foodservice brands that uphold high standard for quality and safety. HAVI offers integrated digital and operational capabilities including analytics, planning, distribution, and logistics to deliver food and other supplies to outlets nationwide. For many years Mitsui and HAVI partnered to provide essential services to the foodservice industry in Japan and Taiwan. Mitsui is taking over HAVI's supply chain operation in Japan and Taiwan and aim to achieve further growth by combining our integrated strengths, namely our distribution functions, logistics center businesses in Japan and overseas, and domestic and global networks, with HAVI's core strengths.

Mitsui has identified "Wellness Ecosystem Creation" as one of its key strategic initiatives in its Medium-term Management Plan 2026. By supplying healthy food, Mitsui endeavors to contribute to the quality improvement of today's increasingly diverse consumer lifestyles. Through this investment, Mitsui aims to expand the added value of its food and nutrition business cluster, enhance health and well-being through food, and thereby support the realization of richer and brighter lives for people.

Company profile

Company name The HAVI Group, LP
Location Chicago, Illinois, U.S.A.
Established 1974
Business overview Logistics Business for Food Service industry
Website

https://havi.com/

Company name HAVI Supply Chain Solutions Japan G.K.
Location Tokyo, Japan
Established 2010
Business overview Logistics Business for Food Service industry in Japan
Website

http://www.jp.havilogasia.com/

Company name HAVI Logistics (Taiwan) Ltd
Location Taoyuan, Taiwan
Established 1994
Business overview Logistics Business for Food Service industry in Taiwan
Website

https://tw.havi.com/

Company name Hong Jin Transportation Company, Ltd
Location Taoyuan, Taiwan
Established 1999
Business overview Truck Delivery Business for Food Service industry in Taiwan

HAVI's truck

HAVI's truck

Warehouse operated by HAVI

Warehouse operated by HAVI


Mitsui’s Materiality

“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Secure sustainable supply of essential products” and “Enhance quality of life”

  • Secure sustainable supply of essential products

    Secure sustainable supply of essential products

  • Enhance quality of life

    Enhance quality of life

  • Create an eco-friendly society

    Create an eco-friendly society

  • Develop talent leading to value creation

    Develop talent leading to value creation

  • Build an organization with integrity

    Build an organization with integrity

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819
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