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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
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Mergers - Acquisitions - Takeovers/Company Information 
 
Vienna - The fruit, starch and sugar group AGRANA is extending its presence in 
Asia and acquiring the fruit preparations business of the local food producer 
Taiyo Kagaku Co. Ltd. AGRANA Fruit Japan Ltd. will be starting with the 
production of fruit preparations on 1 April and therefore now includes a fourth 
Asian country in addition to China, India and South Korea. As the global leader 
in fruit preparations, AGRANA now maintains 26 production sites in 20 countries. 
 
The fruit preparations plant in question is located in Yokkaichi, in southern 
Japan, around 100 km east of Osaka. From there it will supply customers in 
Japan's bakery products sector as well as dairies and ice cream producers. Japan 
has a constantly growing market for fruit preparations with a volume of around 
60,000 metric tons and forecast annual growth of 2-3% a year. 
 
"The acquisition of this Japanese fruit preparations plant from TAIYO is an 
important step as part of our expansion in Asia. The growing Japanese market for 
fruit preparations is characterised by high quality demands and innovations. 
This ties in perfectly with our high quality standards and the innovative 
direction as the global market leader in the fruit segment, where we satisfy the 
needs of our customers with a wide portfolio - ranging from standard fruit 
preparations for yoghurts and ice creams to premium-segment fruit solutions such 
as sauces, condiments, fillings and smoothie bases," explains the CEO of AGRANA 
Beteiligungs-AG, Johann Marihart. 
 
Fruit preparations at AGRANA 
AGRANA's fruit preparations contain top quality fruit which is either puréed or 
diced and used in dairy products or in the ice cream and bakery products 
industries. These products are individually designed by AGRANA on the basis of 
close development-related collaborations with customers. In addition to fruit 
preparations, AGRANA also offers innovative preparations with "brown flavours" 
such as caramel, coffee or vanilla as well as so-called inclusions (e.g. 
chocolate balls). In addition to the food processing industry, AGRANA also 
supplies its fruit preparations to fast-food companies and food service 
providers. 
 
About AGRANA 
AGRANA converts agricultural raw materials into high-quality foods and numerous 
industrial intermediate products. Around 9,400 employees at 56 production sites 
worldwide generate annual Group revenue of approximately EUR 2.5 billion. 
Established in 1988, the company is the world's market leader in fruit 
preparations and the leading producer of fruit juice concentrates in Europe. In 
addition, its Starch segment is also a major manufacturer of custom starch 
products (made from potato, corn and wheat) and of bioethanol. AGRANA is the 
leading sugar producer in Central and Eastern Europe. 
 
This announcement is available in German and English at www.agrana.com [https:// 
www.agrana.com/en]. 
 
 
 
Further inquiry note: 
AGRANA Beteiligungs-AG 
 
 
Mag.(FH) Hannes Haider 
Investor Relations 
Tel.: +43-1-211 37-12905 
e-mail:hannes.haider@agrana.com 
 
 
Mag.(FH) Markus Simak 
Public Relations 
Tel.: +43-1-211 37-12084 
e-mail: markus.simak@agrana.com 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

March 29, 2021 04:47 ET (08:47 GMT)