Published October 09,2023
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Turkish flour producer Söke purchased 12.65% of U.S.-based bread maker Rudi’s, the top of Turkish agency stated Monday.
Eren Günhan Ulusoy stated the acquisition was accomplished on Sept. 22, in line with a press launch.
Established in 1976 in Colorado, Rudi’s is particularly energetic in natural and gluten-free bread making.
Söke’s earnings final yr amounted to 2.49 billion Turkish liras (about $150.2 million), whereas its gross sales reached 1.9 billion liras (about $116.7 million) within the first half 2023, Ulusoy stated.
The agency can also be increasing its actions into different sectors, together with vitality, Ulusoy explaining: “We are building a solar power plant with an installed capacity of 11,000kW on 105 decare-field (about 26-acre) in central-Anatolian province Konya to meet Söke’s annual energy need of 16 million kWh.”
Source: www.anews.com.tr
