A Turkish building materials firm has acquired Mannok, it has been announced.

Çimsa has announced that they have signed an agreement to acquire 94.7 per cent of Mannok holdings, formerly Quinn Industrial Holdings.

Mannok, once owned by former Fermanagh billionaire Seán Quinn, is a key player in the construction industry in Ireland and is a large employer in the Border region. 

Commenting on the agreement, Burak Orhun, President of Sabancı Holding’s Material Technologies Group, stated: “The acquisition of Mannok, once finalized, will be perfectly aligned with our transformation strategy. It allows us to expand our footprint in the UK and Irish markets, which are critical for our growth. By incorporating Mannok’s advanced product lines, we can offer more diversified and value-added solutions to our customers. This acquisition also supports our goal of transitioning our portfolio from grey to green, in line with our commitment to sustainability.”

Following expansions in Spain and the USA, this agreement marks Çimsa’s third major global initiative in the past three years, reinforcing its commitment to becoming a leading player in the UK and Irish markets and supporting the vision of “Sabancı of the World.”