‘Öztiryakiler now owned by Hoshizaki’

Turkish food service equipment manufacturer Öztiryakiler has officially become a subsidiary of Japanese manufacturer Hoshizaki after the latter acquired 51% of its shares. This move comes after Hoshizaki first invested in Öztiryakiler back in November 2019, aiming to enhance its product development capabilities and improve productivity and quality.

Founded in 1958, Öztiryakiler operates four manufacturing sites and has established sales channels not only in Turkey but also in various European countries, the Middle East, Africa, and Asia. With this acquisition, Hoshizaki aims to create synergies by bolstering the lineup of commercial refrigerators for the Hoshizaki brand in Europe and developing dishwashers for the Asian market through Hoshizaki’s existing sales channels.

This strategic collaboration between Öztiryakiler and Hoshizaki is expected to drive innovation and growth in the food service equipment industry, benefiting both companies and expanding their global reach.

spot_img

More from this stream

Recomended

MyPowerHub: Revolutionizing School Communications and Engagement – PRWire

PRWire

MyPowerHub: Revolutionizing School Communications and Engagement MyPowerHub from PowerSchool empowers parents with a ‘single pane of glass’ for all student...

PRWire Press release Distribution Service.

Introducing BetterWayz Consultancy: Launching a Premier Study Abroad Consultancy in Dubai – PRWire

PRWire

Dubai, [26th July, 2024] – BetterWayz Consultancy, a new educational consultancy firm, has officially launched in Dubai with a primary...

PRWire Press release Distribution Service.

LogNet Systems (MaxBill) Recognised as a Representative Vendor in the 2024 Gartner® Market Guide for Utility Customer Information Systems Report. – PRWire

PRWire

LogNet Systems (MaxBill) is recognised in the Market Guide by Gartner as a Representative Vendor of smart billing and CRM...

PRWire Press release Distribution Service.

LogNet Systems (MaxBill) Recognised as a Representative Vendor in the 2024 Gartner® Market Guide for Utility Customer Information Systems Report. – PRWire

PRWire

LogNet Systems (MaxBill) is recognised in the Market Guide by Gartner as a Representative Vendor of smart billing and CRM...

PRWire Press release Distribution Service.

Guardians of Our Planet: Embracing Climate Change Awareness for a Brighter Future – PRWire

PRWire

The Vital Importance of Climate Change Awareness Imagine, if you will, a vibrant, bustling world teeming with life, from the...

PRWire Press release Distribution Service.

New Artist-Owned Music Company Fights Back to Protect Artists From AI-Music Theft. – PRWire

PRWire

Major Labl Artist Club has announced a ground-breaking partnership with French tech firm Ircam Amplify. This innovative collaboration enables us...

PRWire Press release Distribution Service.