Öztiryakiler now a Hoshizaki subsidiary

JAPAN/TURKEY: Following the acquisition of 51% of its shares, the Turkish food service equipment manufacturer Öztiryakiler has now become a subsidiary of Japanese manufacturer Hoshizaki.

Since first investing in Öztiryakiler in November 2019, Hoshizaki has supported the strengthening of its product development capabilities and the improvement of its productivity and quality. 

Established in 1958, Öztiryakiler has four manufacturing sites and sales channels not only in Turkey but also in other European countries, the Middle East, Africa, and Asia. 

In a statement, Hoshizaki said that with Öztiryakiler it was creating synergies by strengthening the lineup of commercial refrigerators for the Hoshizaki brand in Europe and developing dishwashers for Asia using Hoshizaki’s sales channels.