Don Quijote：收购加利福尼亚超级吉尔森公司（超级加州）：GRCY Holdings
洛杉矶
2021年3月1日
唐吉jo德（PPIH）：
泛太平洋国际控股（PPIH），经营日本折扣店Don Quijote
2月24日，该公司宣布将收购超市Gelson’s的控股公司GRCY Holdings的所有股份。
GRCY控股：
GRCY Holdings在加利福尼亚州经营高档超市Gelson’s。
该股票的购买日期定于2021年4月。
超市盖尔森（Gelson）：
成立于1951年的盖尔森斯（Gelsons）在南加州拥有27家商店。
截至2020年12月的财政年度销售额为8.723亿美元。
洛杉矶人口增长：
PPIH已确定有望在未来开设新商店并吸引更多客户。
PPIH于2013年收购了日本超市Marukai Corporation。
它已经在加利福尼亚州拥有一家超市业务。
-杰特罗
https://www.jetro.go.jp/biznews/2021/03/3ff91ac9751be488.html
Announcement of Acquisition of Shares of GRCY Holdings, Inc.
February 24, 2021
Pan Pacific International Holdings
announced that it has resolved to acquire all of the shares of GRCY Holdings, Inc. (“the Target Company”), the holding company of a corporate group that operates Gelson’s, premium supermarket chain, in California, U.S. (The acquisition of the Target Company’s shares is hereinafter referred to as “the Transaction”).
1. Overview of the Target Company / Purpose of the Transaction
The Target Company, which operates 27 stores of Gelson’s, premium supermarket chain in Southern California,
generates net sales of $872 million (fiscal year ended December 31, 2020) as well as a long history of 70 years.
This chain had significant market share gains as its reputation for reliability and the strong support of its loyal customer base proved beneficial during the COVID-19 pandemic.
The Target Company’s business area and the surrounding areas
continue to experience ongoing population growth, a large portion of which is in communities with consumers seeking high quality products.
We therefore see potential for continuous growth to be achieved by opening new stores and attracting new customers at existing stores.
This transaction
is slated to expand PPIH’s overseas sales to approximately ¥200 billion, equivalent to around 10% of the Company’s consolidated net sales.
The Company thus anticipates that
overseas operations will grow into a third pillar of earnings alongside the existing pillars of its discount store and general merchandise store businesses.
Moreover, the addition of the Target Company, which benefits from strong brand recognition, a loyal customer base, and an experienced management team well versed in its market,
will be a powerful asset to the Company for overcoming the challenges faced in North American operations, namely the need to strengthen management foundations, develop new store formats, and expand store networks.
Meanwhile, the Japanese government
aims to raise Japan’s volume of agriculture, livestock, and aquaculture exports to ¥5 trillion by 2030.
The Company’s establishment of Pan Pacific International Club
will lay the groundwork for the achievement of the agricultural product export target of ¥300 billion.
After the acquisition, the Company
will explore how the Target Company consumers may benefit from stocking a thoughtfully curated selection of the high-quality Japanese products supplied by the Company.
the Company had 38 stores in North America and 17 stores in Asia as of January 31, 2021.
Overall, the three-year Medium/Long-Term Management Plan targets 126 stores, net sales of ¥300 billion, and an operating margin of 8% in overseas operations in the fiscal year ending June 30, 2024.
For example, we created our first overseas base for opening stores through the establishment of
THE DAI’’EI (USA) Inc. (operating in Hawaii, currently Don Quijote (USA) Co., Ltd.)
and acquired all shares in Oriental Seafoods, Inc., in 2006,
and then acquired all shares in MARUKAI CORPORATION (operating in Hawaii and California) in 2013
and later in QSI, Inc. (operating in Hawaii), in 2017.
Looking ahead, the Company plans to accelerate growth through new store openings and through mergers and acquisitions in Asia and in other areas of overseas operations
Outline of Transaction
(1) Outline of the Target Company (GRCY Holdings, Inc.)
Consolidated net sales GRCY Holdings, Inc. 16400 Ventura Boulevard, Suite 240, Encino, CA 91436-2123 USA
Robert McDougall, CEO Premium supermarket operation 2013 27 2,864
Fund operated by TPG Global, LLC; majority-owned U.S.$872.3 million (fiscal year ended December 31, 2020) *