Japanese food and ingredients business Ajinomoto has acquired a controlling stake in US-based More Than Gourmet, a producer of French sauces and broths for the foodservice channel.
Tokyo-listed Ajinomoto said it bought 50.1% of the Ohio-based firm for an undisclosed sum in a strategic partnership through its US subsidiary Ajinomoto Health & Nutrition North America.
More Than Gourmet (MTG) was founded in 1993 and is headed by chief executive Brad Sacks. Its French sauces range from those based on meat to other varieties originating from vegetables, poultry and seafood. It also produces gluten-free sauces.
“By augmenting this US liquid seasonings business and its associated sales channel for foodservice and restaurant customers through the combination of Ajinomoto’s proprietary ingredients and ‘deliciousness technologies’ with capabilities to make proposals to customers in the United States, Ajinomoto will enhance the Ajinomoto Group’s Integrated Food Solutions business in North America,” it said in a statement yesterday (21 August) announcing the deal.
The statement continued: “MTG’s liquid seasonings business, including broths and sauces, is familiar with the trends and preferences of US consumers and has strong connections with processed food manufacturers and foodservice and restaurant companies as a result of its original manufacturing technologies for achieving high quality, customised solutions that meet customer needs.”
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.
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 formBy GlobalData