Cimsa - 100% Ballyconnell

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

Sabanci Group, a major Turkish conglomerate, has acquired a 94.7% stake in Mannok for €330 million. This deal secures 800 jobs in Derrylin and focuses on sustainable growth in the building materials and packaging sectors, offering promising developments for the local economy.