The company was founded in 1862 in Istanbul and by the young Turkish Republic nationalized in 1925. It became the state monopoly as the sole 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 in 2008 to British American Tobacco). From 2006, the import and export of alcohol (spirits and wine) was liberalized, ending Tekel's former monopoly. Anyone (producer, trader, end customer) can now distribute alcohol from Turkey, but also within Turkey without governmental requirements.
In the same year, Mey was acquired for $ 810 million by the US financial investor TPG Capital (Texas Pacific Group) and now renamed as Mey ici Sanayi (Mey beverage industry). Finally, in 2011, the company was increased by 1.3 billion pounds ($ 2.1 billion) by the English beverage multi 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 the Raki is 80%.
More than 40 million liters of the main brand "Yeni Raki" are produced worldwide and sold in over 20 countries. In addition, will be vodka. gin and flavored fashion spirits, as well as beer and produces wines. Among the best known brand wines count the red wine Buzbag from the range Elazig, 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. Incidentally, the name Tekel still appears on the labels of the products.