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Q3-2026 - Delivered - An Extract
By now, all subscribers (E-Copy and/or Hard Copy) should have received the report.
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A short extract from P9 of the 54 page report:
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GELITA has acquired additional shares in SelJel, the Turkish gelatin producer, increasing its holding from 65% to what it describes as “near-full ownership.” The exact ownership percentage, purchase price and other financial terms were not disclosed. SelJel’s founding Tezman family will retain a minority interest and remain involved with the business.
GELITA’s initial investment took place in 2020, when it acquired 65% of SelJel and the Tezman family retained 35%. At the time, SelJel employed about 220 people and produced about 6,500 tonnes of edible, pharmaceutical and technical gelatin annually. Its product range includes halal-certified bovine gelatin.
The latest transaction gives GELITA greater control over SelJel’s operations and brings the Turkish business more closely into its group governance, quality, food-safety and compliance systems. It also strengthens GELITA’s position in halal bovine gelatin, particularly for customers in Turkey, Asia, and other markets with significant demand for halal products. No capacity expansion was announced as part of the transaction. Gelita press release at https://tinyurl.com/yc7k3u9c
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