Ajinomoto to acquire majority stake in MTG

Tokyo / JP. (aci) Ajinomoto Company Incorporated, a worldwide leader in amino acids, pharmaceuticals, high-quality seasonings, processed foods, beverages, and specialty chemicals, has signed a share purchase agreement to acquire a 50.1 percent equity stake in More Than Gourmet Holdings Inc. (MTG) of the United States for a strategic partnership through Ajinomoto Company’s consolidated subsidiary Ajinomoto Health + Nutrition North America Inc. (AHN). By augmenting this U.S. liquid seasonings business and its associated sales channel for food service and restaurant customers through the combination of Ajinomoto Company’s proprietary ingredients and «deliciousness technologies» with capabilities to make proposals to customers in the United States, Ajinomoto Company will enhance the Ajinomoto Group’s Integrated Food Solutions business in North America.

For additional information please read Ajinomoto’s PDF file below (220 KB):