BDA Partners: BDA Advises NSSK on sale of ORF/IIT to Hokkaido LogiService

New York, NY May 29, 2024 --(PR.com)-- BDA Partners is pleased to announce that its client, Nippon Sangyo Suishin Kiko ("NSSK"), has sold its stake in Oriental Foods Co Ltd. (ORF) and IIT Corp (IIT) to Hokkaido LogiService Co Ltd., a subsidiary of CO-OP Sapporo.BDA was the exclusive financial advisor to NSSK on the transaction. Terms of the transaction were not disclosed.ORF, founded in 1978, sells wholesale fruits and vegetables to supermarkets in Hokkaido, northern Japan. IIT was established in 1988, as the logistics division of ORF. Together with affiliated companies, IIT operates a logistics business, catering to supermarkets and discount stores across Hokkaido.The ORF/IIT Group is a key player serving supermarkets and discount stores in Hokkaido. It operates seven logistics centers, covering three temperature zones, and a fleet of over 300 trucks, with a robust infrastructure to support its operations. The group's distribution centers are mainly located in Ishikari City, a key location for food distribution in the Sapporo metropolitan area. The fruit and vegetable wholesale business of the ORF/IIT Group holds a strong market share in Hokkaido, particularly in niche product categories like bean sprouts and citrus fruits. Both segments of the business are thriving, in a stable market environment with a loyal customer base, indicating solid and sustainable growth for the Group.Suguru Sasaki, Director, BDA Partners, said: "We're pleased to have helped ORF and IIT find a new partner in Hokkaido LogiService. Japan's logistics industry is facing critical issues such as the 2024 Logistics Problem, which may significantly impact people's daily lives due to a ...IIT to Hokkaido LogiService>Full story available on Benzinga.com