Acquisitions · Food (stocks and sauces)
Ajinomoto buys 50.1% of Ohio stock and sauce maker More Than Gourmet
- Buyer
- Ajinomoto (Tokyo)
- Target
- More Than Gourmet Holdings (50.1%), Akron, Ohio
- Value
- About ¥3.8B
- Status
- Agreed on August 21, 2019; completed in 2019.
- Date
- 2019-08-21
Ajinomoto agreed to buy 50.1% of More Than Gourmet Holdings, an Akron, Ohio maker of cooking stocks and sauce bases, for about ¥3.8 billion. The value comes from Ajinomoto's Japanese disclosure.
Why it matters
The deal added US-made stocks and sauces to Ajinomoto's seasoning business in North America.
Sources
Kakehashi M&A News home
