date:Aug 22, 2019
Ajinomoto Group has signed a share purchase agreement to acquire a 50.1 percent equity stake in US-based French sauces and stocks producer More Than Gourmet Holdings (MTG). The agreement is facilitated in a strategic partnership through Ajinomoto Co.s consolidated subsidiary Ajinomoto Health Nutrition North America (AHN). The move is a bid to expand Ajinomotos Integrated Food Solutions business in North America.
Ajinomoto is scheduled to acquire the 50.1 percent equity stake in MTG this month,