Eyeing growth: Japanese drink maker to swallow 3 units of Turkey’s Yildiz

Eyeing growth: Japanese drink maker to swallow 3 units of Turkey's Yildiz

OSAKA — DyDo Drinco will acquire three beverage producers owned by Turkey’s Yildiz Holding, the Japanese company announced Thursday, planning to partner with the food giant to break into the growing Turkish market.

     The Japanese drink producer will spend a total of roughly 335 million lira ($110 million) to buy stakes of 90% in each unit by around February. The three companies offer a total of eight drink brands, including carbonated beverages and fruit juice. Together they posted around 334 million lira in sales in the fiscal year ended Dec. 31. Yildiz will retain stakes in all three and plans to transfer its sales network and some employees to DyDo.

     “In the future, we want to produce coffee, black tea and energy drinks locally,” DyDo President Tomiya Takamatsu told a news conference in Osaka Thursday.

     Yildiz, Turkey’s largest food company, previously purchased Belgium’s Godiva Chocolatier.

     DyDo is bolstering its overseas operations in response to a slumping domestic market. It will buy into Malaysian food producer Mamee Double Decker as early as autumn.

(Nikkei)

Eyeing growth: Japanese drink maker to swallow 3 units of Turkey's Yildiz