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The company was founded in Istanbul in 1862 by the young Turkish Republic nationalized in 1925. It developed into the state monopoly as the only manufacturer of alcohol and tobacco products. As part of a privatization, in 2004 the company part "alcohol" (spirits and wines) was sold to a Turkish consortium (the tobacco part went to British American Tobacco in 2008). From 2006, the import and export of alcohol (spirits and wine) was liberalized, thus ending Tekel's former monopoly. Everyone (producer, dealer, end customer) can now sell alcohol from Turkey, but also within Turkey without governmental requirements.

In the same year, Mey was acquired by the US financial investor TPG Capital (Texas Pacific Group) for $ 810 million and now traded as Mey Içki Sanayi (Mey beverage industry). Eventually, the company lost £ 1.3 billion ($ 2.1 billion) through the English beverage multi in 2011 Diageo bought and affiliated as an independent subsidiary. The products are delivered to 50,000 retailers (network of own branches and independent sales outlets). The market share in Raki is 80%.

Worldwide, more than 40 million liters of the main brand "Yeni Raki" are produced and sold in over 20 countries. Also be vodka. gin and flavored fashion spirits, as well beer and produces wines. The most famous brand wines count the red wine Buzbag from the Elazig range, the red wine Hosbag and the white wine Ürgüp from Cappadocia, as well as the red and white wines Trakya from Thrace and Güzel from Marmara. By the way, the name Tekel still appears on the product labels.

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