One of the largest industrial conglomerates in Turkey, Oyak Group, has acquired the entire share capital of additives maker Chemson Group based in Arnoldstein, Austria. Oyak purchased Chemson from a Austrian private equity fund, Buy-Out Central Europe II Beteiligungs-Invest. Oyak also has a subsidiary company, Akdeniz Kimya of Izmir, that operates in the field of plastic additive production and its related raw materials. The transaction creates a new, backward-integrated enterprise with clear world market leadership in PVC stabilisers, says the firm.

Chemson operates production sites in six countries in Europe, Asia, the Americas and Australia. Headquartered in Austria, Chemson produces 100,000 tonnes/year of PVC additives that are used in the production of windows and profiles, pipes and injection moulding, and soft PVC application as cables, flooring and roof sheets. Additives are decisive for manufacturing PVC products, ensuring specific product features such as colour consistency, impact strength and surface finish and enabling the optimal processability of the end products.

Oyak’s business spans varied sectors comprising automotive, steel, cement and energy sectors and it employs 35,000 personnel.