Cimsa, which has production facilities both in Turkey and the USA, has shared with the public that it has sold its 4 subsidiaries to Sabancı Cement BV, the main shareholder. The company is known as one of the leading brands in specific products such as white cement and calcium aluminate cement.
Ak Portfolio, owned by Sabancı Holding, takes over Üçsa Ambalaj
The Bunol white cement factory, established in Valencia, Spain, which Çimsa will complete the acquisition in the third quarter of this year, will also be acquired by Cimsa Sabanci Cement BV within this scope. Çimsa subsidiaries acquired by Cimsa Sabanci Cement BV established in the Netherlands are as follows:
Company — Transfer amount (dollars)
Cimsa Adriatico SRL — 4,867,946
Cimsa Cementos Espana SAU —23,074,946
Cimsa Cement Sales North Gmbh —- 5,455,730
Cimsa Americas Cement Manuf. and Sales Corp. — 5,205,543
Total — 38,604,165
Çimsa, within the scope of becoming one of the main producers of the global white cement market, in line with its main partner Hacı Ömer Sabancı Holding, to create a more efficient platform by combining its operational and financial forces. announced last year that it would sell some of its non-affiliated subsidiaries to Cimsa Sabanci Cement BV.