POINTERS
Deceuninck buys Turkish profiles producer
Leading European PVC window profile manufacturer Deceuninck (B-8830 Hooglede-Gits; www.deceuninck.com) will strengthen its position in the fast-growing Turkish window profiles market with the USD 8m acquisition of the “Winsa” division of Turkey´s Pilsa Plastik Sanayi from Sabanci Holding (www.sabanci.com.tr). If cartel authorities approve the deal, set to close by the end of this year, Deceuninck´s Turkish subsidiary Ege Profil (TR-Cigli Izmir) will become the country´s number one profile manufacturer. By the end of 2005 the Belgian group expects to be able to produce more than 50,000 t/y of profiles in Turkey.
11.11.2004 Plasteurope.com [12098]
Published on 11.11.2004