Gyu-Kaku barbecue chain owner to buy Aussie steakhouse operator
TOKYO -- Japanese food service company Colowide will acquire all shares of Australian steakhouse operator Seagrass Holdco, the group said Tuesday, providing a more stable supply of beef for its various restaurant brands.
Food processing subsidiary Colowide MD entered into a transfer agreement with individual shareholders and investment funds as of Tuesday and will purchase the shares in early June, making Seagrass a wholly owned subsidiary.
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