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Ajinomoto Acquires Amoy Food Group from Groupe Danone.

Tokyo, Japan, Jan 13, 2006 - (JCN) - Ajinomoto has completed its acquisition of Amoy Food Group companies from Danone Asia, a subsidiary of Groupe Danone S.A. of France, about 27.3 billion yen ($240 mil).

Amoy Food Group includes Hong Kong Amoy Food Group, which has Amoy Food (Hong Kong) that produces and sells Chinese ethnic sauces under the Amoy brand as well as Convenience Foods International (Hong Kong) that produces and sells frozen foods under the Amoy and Royal Dragon brands.

Through Amoy Food Group, Ajinomoto now owns 60% of Shanghai Amoy Foods Group that produces and sells Chinese ethnic sauces under the Amoy brand in major Chinese cities.

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Publication:JCNN News Summaries
Geographic Code:4EUFR
Date:Jan 14, 2006
Words:120
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