Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Turkey’s food giant Ülker takes on another Japanese partner, DyDo Drinco

by Kerim Ülker

ISTANBUL Sep 25, 2015 - 12:00 am GMT+3
by Kerim Ülker Sep 25, 2015 12:00 am
After becoming partners with Japanese noodle giant Nissin Food, Ülker - one of Turkey's largest food companies- is set to sell three of its beverage producers to Japan's DyDo Drinco, announced the Japanese company on Thursday.

According to the information on the website of the Japanese beverage giant, DyDo Drinco will spend about 335 million lira ($110 million) to buy stakes of 90% in each unit by February 2016.

DyDo will become the principal stockholder of the three Turkish beverage companies (Della Gıda, İlk Meyve Suları Pazarlama and Bahar Su). The three offer a total of eight drink brands, including carbonated beverages like Turkish coke brand Cola Turka and fruit juice.

The trio posted an impressive 334 million lira ($110 million) in sales in the fiscal year ended December 31, 2014.

The website also stated that Ülker will retain shares in all three companies and plans to transfer its sales network and some employees to DyDo.

DyDo President Tomiya Takamatsu, who attended a news conference in Osaka on Thursday, said that they also want to produce 'coffee, black tea and energy drinks locally in Turkey' in the near future.

With this move, the Japanese company plans to break into the growing Turkish market and from there enter European markets.

Ülker, already a partner of a number of European and US companies, had previously inked a deal in 2011 with the largest noodle producer in the world, Nissin food, its first Japanese partner.

The Turkish company had also joined forces with other mega firms including Hero Baby, Laurens Spethman Holding, Kellogg's and Eckes-Granini Group and in 2010 had signed agreements with Holland's Ice Cream BV, Germany's Eckes-Granini for fruit juice as well as the United States spice company McCormick.

Ülker is owned by Yıldız Holding which previously purchased Belgium's Godiva Chocolatier.


  • shortlink copied
  • Last Update: Sep 26, 2015 11:28 am
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    homepage
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Corals off eastern Thailand threatened by oil spill
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021