View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 22, 2017

Ajinomoto buys full control of Turkey’s Kukre

Ajinomoto has struck a deal to buy full control of Turkish condiments and canned food supplier Kükre.

By Dean Best

Ajinomoto has struck a deal to buy full control of Turkish condiments and canned food supplier Kükre.

The Japan-based food and ingredients group has paid TRY181m for the 50% of Kükre it did not already own. Ajinomoto first invested in Kükre in 2013.

Ajinomoto said “steady growth” in sales of vinegars and fruit sauces, as well as “enhanced initiatives” for growing small-outlet retail chains, meant Kükre’s net sales in 2016 were around TRY70m, almost double that generated in 2014.

Last year, Ajinomoto acquired another Turkish food manufacturer, Örgen Gida Sanayi ve Ticaret, which manufactures products sold under the Bizim Mutfak brand.

Ajinomoto said adding Kükre’s Kermal Kükrer brand to the Örgen range of bouillons and soups would make the Japanese group “a comprehensive food manufacturer in Turkey”.

Last month, Ajinomoto announced a deal to acquire French frozen food supplier Labeyrie Traiteur Surgelés as part of the group’s strategy to “strengthen” its consumer-facing business in Europe.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food