Ajinomoto to Acquire U.S. Liquid Seasoning Company
Tokyo, Aug. 21 (Jiji Press)--Ajinomoto Co. <2802> said Wednesday that it will acquire a U.S. liquid seasoning company for about 3.8 billion yen to boost its seasoning sales in North America.
Ajinomoto will purchase a 50.1 pct stake in More Than Gourmet Holdings Inc. through its U.S. subsidiary Ajinomoto Health & Nutrition North America Inc.
The shares will be acquired on Thursday.
More Than Gourmet, based in Ohio, mostly sells commercial-use liquid seasonings made with meat, fish, vegetables and other ingredients, for dishes such as soup.
Ajinomoto hopes to utilize the U.S. company's distribution channels and boost its production efficiency.
[Copyright The Jiji Press, Ltd.]