acquired 50% of
US$14 million
2014
Advisor to the Seller
Kemal Kükrer is a premium food brand in Türkiye. Kemal Kükrer’s product portfolio includes vinegars, sour and hot sauces, pickled products and fruit syrups. Kemal Kükrer’s products reach more than 30,000 points of sale in the Turkish market and more than 20 countries in the export markets. Kemal Kükrer has 175 employees and recorded net sales of US$ 18 million in 2012.
Ajinomoto based in Japan is a global manufacturer of high-quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. Ajinomoto has operations in 130 countries, and had net sales of JPY 1,172 billion (US$ 12 billion) in 2012.
Ajinomoto acquired 50% of Kemal Kükrer for US$14 million.
acquired 50% of
2013
Advisor to the Seller
Romatem is the leading physical therapy and rehabilitation services chain in Türkiye. Romatem has successfully grown from a single facility in Samsun to a network of four facilities in three major cities of Türkiye. Romatem has a team of over 325 professionals, and it provided over 347,000 treatments to approximately 52,000 patients in 2013.
PineBridge (previously AIG Investments) is a global asset manager with nearly 60 years of experience in emerging and developed markets.PineBridge has approximately US$ 73.5 billion in asset under management for institutional and individual clients.
PineBridge acquired 50% of Romatem.
acquired 100% of
2013
Advisor to the Seller
Rultrans is the leading distributor of power transmission belts as well as a producer of PVC and PU coated conveyor belts in Türkiye. Rultrans has over 100 employees in its production facility in İzmir and offices in İstanbul, Bursa, Adana and Çorlu. Rultrans serves a wide range of industries including food, automotive, tobacco, logistics, textile and paper & printing, and exports its products to more than 40 countries.
Megadyne based in Italy is one of the leading producers of polyurethane belts, rubber belts and pulleys with consolidated revenues of over €200 million and 1,400 employees. Megadyne has production plants in Italy, France, Germany, USA, Spain and China. Megadyne is majority owned by the founding Tadolini family and partly invested by Fondo Italiano d'Investimento, a private equity fund.
Megadyne acquired 100% of Rultrans from Çukurel family. As part of the transaction, Çukurel family has also acquired a minority stake in Megadyne.
