Bunge, the US agri-food giant, has snapped up Turkish olive oil business Ana Gida, the owner of the Komili brand.
The company paid undisclosed sums for the 55.25% stake in Ana Gida owned by Turkish conglomerate Anadolu Endüstri Holding A.S. and the 44.75% held by SEEF Foods.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“The acquisition of Ana Gida will enable Bunge to diversify into the higher value olive oil category with a market leadership position,” Paul Ayton, managing director of Bunge’s Turkish business, said.
Bunge claimed the Komili brand accounted for more than 30% of the retail sales of olive oil in Turkey. It added the deal would “provide a strong vegetable oil portfolio across all price segments”.
Tommy Jensen, the CEO of Bunge’s operations in the Europe, Middle East and Africa, added: “This acquisition is fully aligned with our strategy to strengthen our portfolio with increasing focus on added-value products. It will further reinforce Bunge’s existing business in one of the largest and fastest growing edible oil markets in EMEA.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
