Deceuninck has acquired 81.25% shareholding in Pimaş, a producer of PVC window and door profiles

ÜNLÜ & Co acted as the sell-side advisor to Deceuninck in this transaction

Company
Pimaş Plastik İnşaat Malzemeleri A.Ş.
Transaction
Sector
Activity
Manufacture of PVC window and door profiles
Date
Country
Türkiye - Belgium

Pimaş Plastik İnşaat Malzemeleri A.Ş., founded in 1963, is one of Türkiye’s long-established producers of PVC window and door profiles, used in residential and commercial construction.

Deceuninck, founded in 1937 and headquartered in Belgium, is a global provider of PVC profiles for windows and doors, active in over 90 countries.

With this transaction, Deceuninck acquired an 81.25% shareholding in Pimas for USD 41 mn, aiming to strengthen its market position in Türkiye and expand its footprint in the regional building materials sector.