Nippon Ham becomes full owner at Ege-Tav

JAPANESE food company Nippon Ham Foods will soon become the sole owner of Ege-Tav after acquiring a 60% stake in the white meat company six years ago. met with Ege-Tav and hashed out plans to negotiationsare Nippon Ham.

In recent year, Japan-based companies have become some of the most important investors in Turkey. The Japanese giants such as Denso, Marubeni, Nikkei, Toyo, Takeda Pharma, Hoshizaki, Mitsui, Kansai, Hitachi, GS Yuasa and Mitsubishi, whose turnovers are measured in billions of dollars, have formed crucial partnerships and acquired companies, operating in a variety of industries from pharmaceuticals to packaging.

However, the food industry has become the shining star among these sectors. Nippon Ham was one of the first Japanese food companies to penetrate the Turkish food sector, which later attracted firms such as Ajinomoto, Nissin and Kagome. Japanese interest in gradually increased after Nippon Ham became a 60% partner of Ege-Tav in 2015.

EMPLOYEES TRIPLED IN 6 YEARS

Established in 1977, Ege-Tav employed around 350 people in 2015. Since then, the number of employees has exceed 1,000. Nippon Ham, operating in the red and white meat subsector, was founded in 1949 currently employs nearly 30,000 people. The company also owns Japan’s most famous baseball team, Hokkaido Nippon-Ham Fighters and the soccer club Cerezo Osaka.

USD 13BN TURNOVER

Nippon Ham Foods had an annual turnover of USD 13bn last year. The company has 155 farms, including two fish farms. In addition, the company also has 319 logistics and sales locations alongside of its three R&D facilities. Stocks of Nippon Ham Foods are traded on Tokyo Stock Exchange. Financial institutions among its shareholders include the Master Trust Bank of Japan, Japan Trustee Service Bank, The Hyakujushi Bank, Meiji Yasuda Life Insurance Company, The Norinchukin Bank, Nippon Life Insurance Company, MUFG Bank, Sumitomo Mitsui Banking Corporation and JP Morgan.