Japan developer Hulic eyes top banana distributor in diversification push

Real estate company seeks stakes in niche market leaders beyond usual domain

Japanese produce distributor Farmind controls a substantial domestic market share for bananas and kiwifruit. (Farmind)

TOKYO -- Japanese real estate company Hulic envisions establishing a nationwide refrigerated logistics network by acquiring a 20% stake in major domestic produce distributor Farmind, as the developer expands into new sectors.