Ajinomoto: Completes Acquisition of Örgen

Tokyo / JP. (aci) On April 03, 2017 (local time), Ajinomoto Company Incorporated completed procedures for the acquisition of all shares of Örgen Gıda Sanayi ve Ticaret A.Ş. (Izmir / TR) in accordance with the details announced in «Ajinomoto to Acquire Örgen from Yildiz» dated November 19, 2016. In its FY 2017-2019 Medium-Term Management Plan, Ajinomoto has made it one of its key strategies to accelerate regional expansion for food business growth with a stronger regional portfolio. Positioning Türkiye as its starting point for business expansion in the Middle East, Ajinomoto intends to use the business foundation and brands of Örgen and Kükre A.S., in which Ajinomoto acquired a 50 percent stake in 2013, to strengthen its business portfolio in Türkiye and accelerate business expansion in the Middle East, thus contributing to well-being in the region. On April 03, 2017 (local time), Ajinomoto Company completed the acquisition of all shares of Örgen. The acquisition value, including the trademark rights for Örgen’s Bizim Mutfak brand, is approximately 197 million Turkish Lira (TRY) – approximately 6.1 billion Japanese Yen (JPY) by an exchange rate as of March 31 (01 TRY = 31.01 JPY).