Mehmet Tutuncu, CEO of Turkish biscuit firmUlkerBiskuvi Sanayi, has reportedly said parent company Yildiz Holdingis eyeing further acquisitions, following the sale of its milk business to France's Lactalis.
Tutuncu is reported as saying to press in the wake of the AK Gida deal more options to acquire and sell "are on the table".
Go deeper with GlobalData
The CEO said the transaction allowed Yildiz to focus on its core business of cookies, chocolates and gum. He added it would "take advantage of any opportunity we find suitable."
Yildiz Holding acquired United Biscuits in a US$3m deal last year.
The company could not be reached for comment at time of press.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
