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acquired 100% of

Advisor to the Seller

USK is a leading carboxymethyl cellulose (CMC) and polyanionic cellulose (PAC) manufacturer in EMEA and in Turkey with an annual production capacity of 40,000 tons. Exports to over 60 countries account for approximately 80% of sales. The company employs around 250 people.

Ak-Kim is a manufacturer of inorganic, organic chemicals, textile auxiliaries, pulp and paper chemicals, water treatment chemicals, cement grinding and concrete admixtures. Ak-Kim is owned by Akkök Group, a leading conglomerate in Turkey with operations in chemicals, energy, real estate and textiles industries, with a turnover of US$2.6 billion.

Ak-Kim acquired 100% shareholding of USK.