# Çimsa signs agreement to acquire 94.7% of Mannok Holdings DAC

Çimsa, a subsidiary of Sabancı Holding, signed an agreement to acquire 94.7% of Mannok Holdings DAC, a building materials producer based in Ireland. The acquisition is subject to regulatory approval.

- Type: Acquisition
- Announced: 2024-08-28
- Where: Ireland, Ireland
- Value: $366.0M (330.0M EUR)
- Status: announced
- Products: building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Çimsa](https://endata.com/companies/24351.md) (acquirer)
- [Sabanci Holding](https://endata.com/companies/24352.md) (acquirer)
- [Sabanci Holding](https://endata.com/companies/24352.md) (investor)
- [Sabancı Holding](https://endata.com/companies/37455.md) (investor)
- [Mannok](https://endata.com/companies/73572.md) (target)
- [Mannok Holdings DAC](https://endata.com/companies/79455.md) (target)
- [Sabanci Building Solutions](https://endata.com/companies/79459.md) (acquirer)

## Sources

- [press.cimsa.com.tr](https://press.cimsa.com.tr/cimsa-signs-agreement-to-acquire-mannok-strengthens-focus-on-uk-and-ireland/), 2024-08-28: "Çimsa has taken a significant step in its global expansion strategy by signing an agreement to acquire 94.7% of Mannok Holdings DAC."
- [rte.ie](https://www.rte.ie/news/business/2024/0828/1467062-mannox/), 2024-08-28: "A Turkish company has bought a 94.7% stake in Mannok, the building materials and packaging group made up of assets once owned by the businessman Sean Quinn."
- [mannokholdings.com](https://mannokholdings.com/mannok-to-be-aquired-by-cimsa/), 2024-08-28: "Cimsa, a Turkish listed global building materials company – and a subsidiary of publicly listed global conglomerate Sabanci Holdings – has reached agreement to acquire 94.7% of Mannok for an overall enterprise value of €330 million."
- [einpresswire.com](https://www.einpresswire.com/article/739031013/imsa-signs-agreement-to-acquire-mannok-strengthens-focus-on-uk-and-ireland), 2024-09-03: "The acquisition of Mannok, once finalized, will be perfectly aligned with our transformation strategy."
- [mannokbuild.com](https://mannokbuild.com/mannok-warmly-welcomed-into-the-cimsa-family/), 2024-11-06: "You’re doing incredible work here and we want to take that success and tell your story not just across Ireland and the UK, but to Europe and the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.