House Foods, Takeda Pharmaceutical Conclude Joint Venture Agreement on Beverage and Food Businesses.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Feb 27, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - House Foods and Takeda Takeda (武田氏 Takeda) Pharmaceutical have signed a joint venture agreement on their beverage and food businesses. Under the terms of the agreement, the two companies will establish a new company, House Wellness Foods Corporation, with a capital of 100 million yen ($840,000), on April 3. House Foods will have a 66% stake in the new company while Takeda Pharmaceutical will retain the remaining 34%. After the initial 18-month joint venture period, the new company will become a wholly owned House Foods subsidiary. House Wellness Foods Corporation will combine House Foods's proprietary food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. technologies with Takeda's expertise in the development of vitamin products. It will be in charge of the core health food business of House Foods. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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