Japan-US Business Report LogoJapan-U.S. Business Report

No. 343, April 1998

Issue Index

Japanese Companies in the US


FOOD AND AGRICULTURAL PRODUCTS

Snack and cracker manufacturer SESMARK FOODS, INC., the top producer of Usuyaki (thin) rice crackers and sesame sticks in the United States, has mapped out a plan to boost revenues to $25 million this year from $20.3 million in 1997. It is adding new varieties of rice-based snacks, such as rice pretzels, to its three production lines in Loves Park, Illinois as well as selling rice crackers imported from ABEKO SEIKA CO., LTD. of Niigata prefecture. For the last year or so, MITSUBISHI CORP. has been the majority owner of the 200-employee company, with a 50.4 percent share. KAMEDA SEIKA K.K. has a 44.5 percent share, with the balance of 5 percent owned by SESACO CORP. Mitsubishi and Kameda Seika acquired minority stakes in Sesmark in 1989.

An exchange rate of ¥129=$1.00 was used in this report.
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