Nichirei Corporation to Acquire Malaysia’s ICCL Group, Expanding Cold Chain Logistics Presence in Southeast Asia
Nichirei Corporation's subsidiary, Nichirei Logistics Group Inc., has signed a share purchase agreement to acquire Malaysia's ICCL Group, enhancing its cold chain logistics in Southeast Asia. The deal, signed on September 26, 2025, is expected to finalize by December 2025. This acquisition will strengthen Nichirei's operations in Malaysia and leverage ICCL's cross-border transportation capabilities, integrating with existing bases in Thailand and Vietnam.
Nichirei Corporation announced that its subsidiary, Nichirei Logistics Group Inc., has signed a share purchase agreement to acquire the issued shares of the ICCL Group, a cold chain logistics company based in Penang, Malaysia. The agreement was signed on September 26, 2025, and the transaction is expected to be completed around December 2025. Following the acquisition, ICCL Group-which operates refrigerated and temperature-controlled warehouse storage, transportation including cross-border logistics, and forwarding services-will join the Nichirei Logistics Group. Nichirei stated that the move will strengthen its business in Malaysia and enhance its presence in Southeast Asia by leveraging ICCL Group’s cross-border transportation capabilities and integrating operations with its existing bases in Thailand and Vietnam. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nichirei Corporation published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
