Ajinomoto has bought an additional 50% stake in Turkish food company Kükre for TRY 181 million ($51.7 million), becoming the sole owner.
In 2013, Ajinomoto acquired a 50% stake in Kükre and it has been strengthening its existing business in Turkey and expanding into new areas of food. The Japanese company now aims to strengthen its operations in the Middle East on the back of the deal.
As a result of steady growth in sales of vinegar and fruit sauces as well as enhanced initiatives for growing retail chains since 2013, net sales of Kükre in 2016 were approximately TRY 70 million ($20 million), nearly doubling from 2014.
Earlier this year Ajinomoto acquired all shares of Turkish Food company Örgen, as it further enhances its presence in the country. The Ajinomoto Group now intends to strengthen cooperation between Ajinomoto Istanbul Food Sales, Kükre and Örgen.
Ajinomoto announced in March that it would invest $15 million in Israeli plant-based protein company Hinoman.
Source: Foodbev.com
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
