Home Business Turkish flour firm Söke buys 12.65% of U.S. based bread-maker Rudis

Turkish flour firm Söke buys 12.65% of U.S. based bread-maker Rudis

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Turkish flour firm Söke buys 12.65% of U.S. based bread-maker Rudis

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

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