Ajinomoto, the US seasonings firm, has announced it has taken a 50.1% equity stake in More Than Gourmet (MTG), a US saucemaker, via a strategic partnership with its consolidated subsidiary Ajinomoto Health & Nutrition North America.
Most famous for its demi-glace French-style sauce concentrates sold in both retail and foodservice channels, More Than Gourmet has also been marketing the Kitchen Accomplice brand of broths and burger seasonings since 2013. It operates a manufacturing facility in Akron, OH and employs around 50 staff.
“MTG’s liquid seasonings business, including broths and sauces, is familiar with the trends and preferences of U.S. consumers and has strong connections with processed food manufacturers and food service and restaurant companies as a result of its original manufacturing technologies for achieving high quality, customized solutions that meet customer needs”, Ajinomoto said in a statement.
Terms of the deal were not disclosed.
Source: Ajinomoto / More Than Gourmet (via Speciality Food)