The Esin Attorney Partnership has advised specialty chemicals company Sika Yapi Kimyasallari A.S. on the acquisition of ABC Sealants, a leading Turkish-based manufacturer of sealants and adhesives.
According to the Esin Attorney Partnership, "the acquisition will allow Sika to better serve its Turkish customers as well as to expand its business in the Middle Eastern and African markets, further its production capacity, and strengthen its distribution channels. Sika and ABC Sealants will profit from cross-selling opportunities."
Commenting on the acquisition, Esin Attorney Partnership Partner Duygu Turgut, who led the firm's team on the deal, stated, "We are very proud to complete another crucial acquisition. Thanks to Turkey's strategically and geographically important location, the targets will continue to serve as a regional hub for multinational entities' global businesses. We believe this acquisition will strengthen Sika's market position in Turkey and expand the capacity of its distribution channels."
Turgut was supported by Esin Attorney Partnership Associate Orcun Solak and Trainee Sena Calin.
The Esin Attorney Partnership did not reply to an inquiry about the identity of the sellers and their counsel.