OCTO Force Management sold all shares of Gen Ten Co., Ltd. to Benners Co., Ltd., enhancing the latter's product quality and operational capacity in the seafood processing industry.

Target Company Overview

OCTO Force Management has announced the sale of all outstanding shares of Gen Ten Co., Ltd. (located in Higashi Ward, Fukuoka City, Fukuoka Prefecture) to Benners Co., Ltd. (also based in Higashi Ward, Fukuoka City). Gen Ten has been a prominent player in the seafood processing industry for over 30 years, excelling in a wide range of processing capabilities from artisanal fish processing to OEM services. The company boasts a diverse procurement network centered around markets and wholesalers throughout Kyushu, alongside a specialization in sashimi and sushi ingredient processing. This expertise has enabled Gen Ten to supply products to major retailers, department stores, and the food service sector nationwide.

Additionally, Gen Ten has established a robust hygiene management system compliant with HACCP standards, ensuring that safety and quality in its production lines are maintained. With this transaction, Gen Ten is poised to enhance quality and safety across its product lines, particularly in relation to Benners' D2C brand "Fishul!" and its foodservice operations, including "Donburi to Temaki Genkai" and "Genkai Don GENKAIDON." The integration of Gen Ten's operational strengths with Benners' initiatives is expected to drive new growth opportunities.

Industry Overview in Japan

The seafood processing industry in Japan is a significant sector, characterized by its rich tradition and advanced processing techniques. Japan's long-standing cultural affinity for seafood has fueled the demand for high-quality marine product