Published October 09,2023
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Turkish flour producer Söke purchased 12.65% of U.S.-based bread maker Rudi’s, the pinnacle of Turkish agency mentioned Monday.
Eren Günhan Ulusoy mentioned the acquisition was accomplished on Sept. 22, in line with a press launch.
Established in 1976 in Colorado, Rudi’s is very energetic in natural and gluten-free bread making.
Söke’s revenue final 12 months 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 mentioned.
The agency can be increasing its actions into different sectors, together with power, 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