Lotte Wellfood "Considering Merger with Lotte Trading... Reviewing Options"

If Merger Succeeds, New Corporation Approaching 5 Trillion Won in Sales Will Be Established

Lotte Wellfood is planning to merge with Lotte Trading.

On the 6th, Lotte Wellfood announced, "We are reviewing various options regarding the merger with Lotte Trading, but nothing has been finalized yet," and added, "We will re-disclose the details when they are decided or within one month."

Lotte Trading supplies concentrated agricultural and marine products and food raw materials domestically, and operates overseas subsidiaries in the United States, Vietnam, Australia, Russia, and other countries. Its main products include soybeans, corn, Australian beef, shrimp, and salmon.

If this merger takes place, Lotte Wellfood is expected to achieve cost reduction and synergy through the integration with its raw material supplier, Lotte Trading, while Lotte Trading is expected to benefit from improved productivity. The food industry also anticipates that this merger will create synergy between the companies.

If the merger between Lotte Wellfood and Lotte Trading is successful, the combined entity will approach annual sales of 5 trillion won. Last year, Lotte Wellfood's sales were 4.0664 trillion won, and Lotte Trading's sales were 620 billion won.

Previously, in July 2022, when it was still Lotte Confectionery, Lotte Wellfood absorbed and merged with Lotte Food, and in April last year, it changed its name to Lotte Wellfood.

This content was produced with the assistance of AI translation services.