Ülker

Ülker is a Turkish multinational food and beverage manufacturer based in Istanbul, Turkey. Its products are exported internationally, to 110 countries.[4] Ülker's core products are biscuits, cookies, crackers, and chocolates, although it has expanded to other categories.

For the basketball clubs, see Ülkerspor and Fenerbahçe Ülker.
Ülker Bisküvi Sanayi A.Ş.
Anonim Şirket
Traded asBİST: ULKER
ISINTREULKR00015 
IndustryFood processing
Founded22 February 1944 (1944-02-22)
FounderSabri Ülker
Asim Ülker
HeadquartersIstanbul, Turkey
Area served
Worldwide
Key people
Murat Ülker (Chairman)
Mehmet Tütüncü (CEO)
ProductsBaby food, coffee, dairy products, breakfast cereals, confectionery, ice cream
Revenue ₺7.803 billion (2019)[1][2]
₺1.154 billion (2019)[1]
₺905 million (2019)[1]
Total assets ₺12.792 billion (2019)[1]
Total equity ₺6.800 billion (2019)[1]
Number of employees
8923[3]
ParentYıldız Holding
Subsidiaries
Websiteulker.com.tr/en

Ülker received the "Candy Company of the Year in Europe" award from the European Candy Kettle Club in 2004.[5] In December 2007, the company acquired Godiva Chocolatier from the Campbell Soup Company for $850 million.[6]

In 2016, Yıldız Holding transferred 51% of Ülker's shares to its new global business Pladis.[7]

History
A can of Cola Turka.

Ülker was founded in 1944 by Sabri and Asim Ülker, two brothers whose parents immigrated to TURKEY from Crimea, commencing operations in Istanbul as a small bakery. A factory was opened in 1948. Ülker expanded in the 1970s to exporting to the Middle East market, chocolate manufacturing, and packaging. By the end of the 20th century, Ülker was manufacturing margarine, vegetable oil and dairy products. In 2002, Ülker diversified into carbonated beverages, and in 2003, added Turkish coffee, ice cream and baby food to its product range. One of its more products is Cola Turka, introduced in the Turkish market in 2003. The advertisement of Cola Turka featured actor Chevy Chase and according to local sources Coca-Cola cut 10% off its prices due to the success of the Cola Turka launch.[4]

Parent company Yıldız Holding employed more than 41,000 people and was the 5th on the list of the most successful manufacturers in Turkey in 2001. Ülker sales reach $1.5 billion internationally.[8]

See also

References
  1. "Summary of Financial Figures". Ülker. Retrieved 25 April 2020.
  2. "Ulker Annual Report 2019". Public Disclosure Platform. Retrieved 25 April 2020.
  3. "2019 First Quarter Report". Public Disclosure Platform. Retrieved 25 April 2020.
  4. Chevy Chase does Turkish Cola ads aimed at Coca-Cola and Pepsi Archived 2010-08-24 at the Wayback Machine
  5. European Candy Kettle Club - Ülker ceremony Archived 2011-07-20 at the Wayback Machine
  6. Campbell Agrees to Sell Godiva to Turkish Food Company - Wall Street Journal
  7. "Yildiz Holding Splits Pladis into Separate Company". The Wall Street Journal. 7 June 2016.
  8. Ülker Group: From a biscuit baker to a sales billionaire PDF file, p. 14
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