kids encyclopedia robot

Ülker facts for kids

Kids Encyclopedia Facts
Quick facts for kids
Ülker Bisküvi Sanayi A.Ş.
Anonim Şirket
Traded as BİST: ULKER
Industry Food processing
Founded 22 February 1944; 80 years ago (1944-02-22)
Founder Sabri Ülker
Asim Ülker
Headquarters Istanbul, Turkey
Area served
Worldwide
Key people
Ali Ülker (Chairman)
Mehmet Tütüncü (CEO)
Products Baby food, coffee, dairy products, breakfast cereals, confectionery, ice cream
Revenue Increase ₺7.803 billion (2019)
Operating income
Increase ₺1.154 billion (2019)
Increase ₺905 million (2019)
Total assets Increase ₺12.792 billion (2019)
Total equity Increase ₺6.800 billion (2019)
Number of employees
8923
Parent Yıldız Holding
Subsidiaries

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

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

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

History

Cola turka
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. In 2003 it introduced Cola Turka, a competitor to Coca Cola. 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. In 2015 Ulker disposed of its drinks business.

Parent company Yıldız Holding employed more than 41,000 people and was the fifth on the list of the most successful manufacturers in Turkey in 2001. Ülker sales reach $1.5 billion internationally. Fulya Banu Sürücü has been appointed as the CFO of the company, effective from January 3, 2022.

See also

Kids robot.svg In Spanish: Ülker para niños

  • List of food companies
kids search engine
Ülker Facts for Kids. Kiddle Encyclopedia.