News Details
SIMONA AG
 

Acquisition of Turkish Market Leader for PVC Foam Sheets Completed


SIMONA AG has completed the acquisition of a 70 per cent interest in MT Plastik AS, D├╝zce, Turkey, (cf. release of 9 Nov. 2020) by closing the transaction effective from 1 February 2021. Due to the tragic death of one of the owners of MT Plastik, Tufan Kalkan, the closing process had been delayed (cf. release of 21 Dec. 2020).

In future, the company will trade under the name of SIMONA PLASTECH. In making this acquisition, SIMONA aims to become a market leader in the business segment of PVC foam sheets with regard to quality, breadth of product range and market share.
 
The acquisition of MT Plastik will add new and established products to the portfolio and unlock potential in the field of construction and advertising applications under the umbrella of the newly formed Advertisement and Building Industry business line.
 
SIMONA AG is one of the leading manufacturers of thermoplastic products, with production facilities and sales offices around the globe, as well as an acknowledged development partner within this field. The company's portfolio includes semi-finished plastics (sheets, rods, profiles, welding rods), pipes and fittings. SIMONA employs approx. 1,500 people worldwide. The Group manufactures 35,000 products in Germany and abroad, offering best-in-class solutions tailored to a wide range of applications: in the chemical processing industry, in the water, energy and commodities supply sector as well as in the field of mobility, construction and environmental technology. Annual production exceeds 120,000 tonnes. SIMONA AG is a stock corporation listed in the General Standard. The company's registered office is in Kirn, Rhineland-Palatinate (Germany). For further information, please refer to www.simona.de