Japanese food giant Ajinomoto has acquired Örgen Gida Sanayi ve Ticaret, a Turkish food manufacturer that produces the Bizim Mutfak brand. 

The deal will see Ajinomoto pay a total of approximately TRY220m (US$66.3m) for Örgen. The Japanese group entered into a share purchase agreement with Yildiz Holding, which holds a 51% share, and the Örgen family, who founded the group and own a 49% stake, earlier this week (15 November). 

Ajinomoto said the acquisition will will “strengthen its business foundation” and “further accelerate” its business expansion in Turkey.

In its medium-term management plan, Ajinomoto said it plans to use Turkey as a springboard to expand in the Middle East. The company highlighted the demographic drivers of growth in the country, which has a population of 80m, half of which are under 30. The country’s GDP growth rate has averaged around 4% annually over the last three years and “steady growth” is expected to continue, Ajinomoto predicted. 

Ajinomoto’s existing business in Turkey primarily consists of the Kükre business, which it acquired in 2013 and has expanded since. 

Örgen sells seasonings and foods, including bouillon, powdered soups, menu-specific seasonings and powdered desserts.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The deal is expected to complete in March next year. Ajinomoto said it will retain Örgen’s existing management structure and operate the business as a consolidated subsidiary. The transaction is not expected to have a material impact on Ajinomoto’s results for the current fiscal year, the company added.

Last week, Ajinomoto announced it had acquired a 33.33% stake in pan-African food group Promasidor Holdings for US$531m