Buy-Out Central Europe II has sold Chemson Polymer-Additive to Ordu Yardimlasma Kurumu
The Vienna-based private equity investor Buy-Out Central Europe II Beteiligungs-Invest AG has sold Chemson Polymer-Additive AG (Chemson) to the Turkish industrial conglomerate Ordu Yardimlasma Kurumu (Oyak). The terms of the transaction were not disclosed.
Chemson is one of the leading global producers of polymer additives for the international PVC processing industry and achieved sales of Euro 252 million in 2012. Chemson provides a broad range of customized PVC additive solutions for the use in profiles and sheets, pipes and fittings, cables and other applications such as PVC foils and flooring. The Group’s operational headquarters are located in Arnoldstein, Austria. Chemson serves the global market with additional production and sales operations located in United Kingdom, Germany, the Netherlands, USA, Brazil, Australia and China. Chemson employs more than 540 employees.
Oyak is one of the largest industrial conglomerates in Turkey and employs more than 35,000 people. Its subsidiary Akdeniz Kimya also operates in the field of polymer additives and its related raw materials. The combination of Chemson and Akdeniz Kimya will create a new, backward-integrated company with clear world market leadership in PVC stabilizers.
Lincoln International was mandated by the shareholders of Chemson as exclusive financial advisor for the sale.
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