November 11, 2024 - Ulusoy Un, Turkey’s leading flour and cereal products producer, acquired 85% shares of Pastificio Mediterranea, which has been producing high quality pasta in Italy for more than 100 years, for 5.3 million Euros. Günhan Eren Ulusoy, Chairman of the Board of Directors of Ulusoy Un, emphasised that this strategic investment is an important step towards the company’s global growth targets.
In his statement on the subject, Günhan Eren Ulusoy said, ‘As Ulusoy Un, we are proud to take another historic step in our journey of growth in value-added areas. I am pleased to share that we have acquired 85% shares of Pastificio Mediterranea, Italy’s legendary brand that has been producing high quality pasta for more than 100 years, from the Spanish Cerealto group.’ Stating that they were impressed by Pastificio Mediterranea’s unique know-how dating back to 1908 and its commitment to Italian pasta, Ulusoy said that this acquisition offers Ulusoy Un a new growth area.
Ulusoy also stated that Pastificio Mediterranea’s reach in the global market will expand thanks to the group’s raw material supply opportunities and wide customer network: ‘We will further expand Pastificio Mediterranea’s geographical reach by contributing to the growth of Pastificio Mediterranea with our group’s raw material supply opportunities and wide customer network in different geographies. At the same time, we believe that this strategic investment, which enables us to take our first step into the pasta sector, will accelerate our global targets at Ulusoy Un and open the door to new achievements.’
This acquisition draws attention as an important step taken by Ulusoy Un in line with its goals of strengthening its presence in the global market and expanding its product portfolio. Pastificio Mediterranea’s deep-rooted experience and quality understanding from the Italian pasta tradition will contribute to Ulusoy Un’s stronger position in international markets. With this merger, it is aimed to offer innovative products that combine Turkish and Italian food traditions to consumers worldwide.
With this investment, Ulusoy Un has strengthened its position in Turkey’s food sector and stepped into the Italian market, while also demonstrating its vision of bringing its expertise and quality standards in pasta to the global market.
The Global MillerThis blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.
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