Hoshizaki To Buy Into Turkey’s Öztiryakiler Over Three Years

Hoshizaki Corp., based in Nagoya, Japan, reported Nov. 7 that it has agreed to acquire a majority of Istanbul, Turkey-based Ötiryakiler, the manufacturer of cooking, refrigeration and warewashing equipment. It’s a three-year deal by which Hoshizaki will acquire 51% of the Turkish company. Hoshizaki’s initial investment is approximately $14.7 million by which it will own…