March 21 2016, David R Brown

Safic-Alcan, a leading international distributor of specialty chemicals, has announced that it has completed the acquisition of 100% of Interplast (Turkey) after acquiring a majority shareholding in 2011. The acting General Manager, Mr Ayhan Guler, will be remaining with the company and will continue to actively manage the business.

We are still exploring other acquisitions to strengthen our competitive advantage not only in Turkey but also in the neighbouring areas

Martial Lecat
CEO of Safinca

Founded in 2004, Interplast has developed an outstanding reputation in the distribution of technically superior quality of thermoplastics, rubber, coatings, adhesives, cosmetics, personal care and pharmaceuticals. Interplast has a proven record of strong customer relationship through its highly professional and dedicated team. The Company employs 30 people and serves 50 different suppliers from 20 different countries. In 2015 Interplast recorded revenues of around EUR 21 million.

“Gaining full ownership of Interplast is part of our growth strategy. We are still exploring other acquisitions to strengthen our competitive advantage not only in Turkey but also in the neighbouring areas such as the Balkans, the Middle East, the Caucasus, Central Asia and North Africa,” stated Martial Lecat, CEO of Safinca, the holding company of Safic-Alcan Group.

About Safic-Alcan
Safic-Alcan, a French multinational distributor of specialty chemicals headquartered in Paris-La Défense (France), develops and provides a large range of polymers, materials and additives for the rubber, coatings, pharmaceuticals and cosmetics industries. The Group is present in all major countries of the European Union, as well as in Turkey, and China with on-going strategic development in Eastern European countries and the USA. In 2015, Safic-Alcan posted nearly EUR 465 million pro forma.

Source(s): Safic-Alcan Press Release

Further Information

Visit: http://www.safic-alcan.com