Announced
Financials
Sources
Tags
Friendly
natural soda ash
Majority
United States
Machinery: Specialty
Acquisition
Cross Border
Public
Pending
Single Bidder
Synopsis
Sisecam, a glass manufacturer, agreed to acquire a 60% stake in Ciner Resources, a natural soda ash producer, from Ciner Group, holding company for Ciner Resources, for $450m. “With the extra capacity … we are expected to be one of the most powerful players in the natural sodium carbonate field, which we believe will be one of the sectors of the future,” Ahmet Kirman, Sisecam President.
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