Mannok Acquired by Turkish Sabanci Group

30/08/202418/09/2024 admin Ballyconnell, building materials, Cimsa, Derrylin, Fermanagh, job creation, local economy, Mannok acquisition, packaging, Sabanci, Sabanci Group, sustainability, Turkish company

Mannok Acquired by Turkish Sabanci Group

Mannok, a key employer in Derrylin, has been mostly acquired by Sabanci Group, a leading Turkish conglomerate. The deal, worth €330 million, gives Sabanci a 94.7% stake in Mannok, known for its building materials and packaging. Importantly, this acquisition secures the jobs of 800 local workers and ensures the company’s future in our community.

Sabanci Group, through its subsidiary Cimsa, is focused on driving Mannok’s growth and sustainability efforts. This move aligns with Sabanci’s global strategy, which spans industries like advanced materials, packaging, and more. The company is well-regarded for its commitment to innovation and corporate responsibility.

This acquisition could bring new investment to the Ballyconnell area, potentially leading to more jobs and development opportunities. Mannok’s local presence and the support from a global powerhouse like Sabanci signal a positive future for the company and our community.

Stay tuned to our website for updates on how this significant development will impact our region.

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