Ajinomoto to acquire a 50% stake in More Than Gourmet Holdings.

Ajinomoto, a global company with specialties in the business of food and amino acids, agreed to acquire a 50% stake in More Than Gourmet Holdings, a manufacturer of prepared foods and miscellaneous food specialties. Financial terms were not disclosed. Ajinomoto plans to maintain More Than Gourmet Holdings’ current management structure after the share acquisition. Ajinomoto has been ensuring food business growth with a stronger regional portfolio as a key strategy of its medium-term management plan. By enhancing the integrated food solutions business, which offers high added value adapted to local eating habits and food culture in the prepared take-out foods and foodservice and restaurant markets, Ajinomoto will continue to contribute to the health and well-being of local consumers.