Turkish baked goods and chocolate maker Eti Gida has acquired ice cream brand Alaska Frigo from local dairy firm Alaska Gida in a TRL13m (US$5.7m) deal.
The acquisition includes the sales and distribution network for the ice cream product. In a statement, Eti said it would bring production of the Alaska Frigo ice cream to its factory in Eskisehir.
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Eti chairman Firuzhan Kanatli said the move met the company’s goal of expanding into “cold snacks”.
Alaska Gida produces UHT milk, cheese and yoghurt at its Turkish plants.
