Turkey’s Frigo Pak becomes PE target
July 23, 2012 3:56 pm by David O'Byrne
With a growing population and booming economy to cater for, Turkey’s food industry is in excellent health. But it is also highly competitive and fragmented. Just 22 food and drink manufacturers are listed on the Istanbul stock exchange and there are relatively few well-established brands. The market is dominated by a large number of small and medium sized family run companies, buffeted by widely fluctuating margins.
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