Nisshin Oil Mills Ltd., Japan's largest cooking oil producer, and two other companies in that field said Monday they will integrate operations on April 1 through an equity swap scheme to sharpen their competitiveness.
The others are Nikko Oil Mills Co. and Rinoru Oil Mills Co. Nisshin Oil, listed on the first section of Tokyo Stock Exchange, is the second-largest shareholder in both firms.
The three Tokyo-based firms said the integration is the first step toward their goal of operating under a joint holding company to be established Oct. 1.