12.01.2026 11:00
Tusem Agriculture, which has production facilities in Manisa, received a 3-month temporary stay from the İzmir 1st Commercial Court as part of its concordat proceedings, and a temporary concordat commissioner was appointed to oversee the process. The company had previously made a similar decision in Manisa. The first hearing of the case will be held on April 2, 2026; creditors will be able to file objections within 7 days from the announcement.
Tusem Agriculture, which operates in the olive sector in the Aegean region and has production facilities in Manisa, received a 3-month temporary injunction decision from Izmir this time, following the temporary injunction decision it received last year. The court also appointed a temporary concordat commissioner to monitor the process.
3-MONTH TEMPORARY INJUNCTION
The Izmir 1st Commercial Court evaluated the application of Tusem Agriculture Food Industry and Trade Limited Company and its owner Sezai Kocacık, ruling for a 3-month temporary injunction. The court also appointed a temporary concordat commissioner to oversee the execution of the concordat process and to monitor whether the process will be successful.
SECOND PROTECTION DECISION
The company came back into the agenda with the concordat process following the temporary injunction decision given by the Manisa Commercial Court in September last year. It has been learned that Tusem Agriculture aims to restructure its debts and continue its operations during this process.
CRITICAL DATE: APRIL 2, 2026
The first hearing of the case, which is critical for the company's future, will be held on April 2, 2026, at the Izmir 1st Commercial Court. Creditors may submit a petition to the court within 7 days from the publication of the announcement, claiming that there is no situation requiring a concordat injunction and requesting the rejection of the application.
STANDING OUT WITH THE "FROM PRODUCER TO TABLE" MODEL
Tusem Agriculture, known for its innovative business model in the sector, is said to source raw materials directly from producers during the olive season, thus gaining a competitive advantage. It is stated that the company processes and packages the olives stored in its own facilities and aims to ensure continuity in the market by providing uninterrupted product supply to the distributors it works with throughout the year.