Nissin buys slice of Ajinomoto in Brazilian manufacturer of noodles

The Japanese Nissin bought for about $ 1 billion 50% share of Ajinomoto in society that the two Japanese companies held in Brazil for the production of instant noodles. The partnership lasted for four decades and led Nissin-Ajinomoto to be leader in the sale of the product in the country. With the purchase, the Brazilian company becomes the only subsidiary Nissin.
According to the story, it was the company's Chairman, Toru Okazaki, who was indicated by Ajinomoto, has already left office. According to Nielsen, the company has 63% share in sales of instant noodles in the country. In greater São Paulo, 75%. In 2014, grossed $ 695 million. Is an important slice to who operates in the tenth largest consumer market of the product, for here, became known as noodles-name of company began manufacturing in the country's so called "vitamin spagheti snapshot" in 1965.
Per year, sold 2.4 billion bags and cups with the mass in Brazil, according to the International Association of instant noodles.