Sabah – Seeking to expand in the Turkish market, Japanese group Ajinomoto has announced a 50 percent share acquisition deal for approx. USD 30 million with the Turkish food products company Kukre AS.
The Japanese company with operations in the food and pharmaceuticals industries in a total of 26 countries aims to strengthen its business and diversify its product range in Turkey, according to the statement by Ajinomoto.
Ajinomoto has been active in the Turkish market since 2011. Kukre AS, known for its Kemal Kukrer brand of vinegars, seasonings and other products, currently exports to more than 30 countries.