Organik Kimya acquires Villa Industrie Chimiche

29 Sep '18
1 min read
Courtesy: Organik Kimya
Courtesy: Organik Kimya

Organik Kimya, a leading manufacturer and supplier of specialty chemicals, based in Istanbul - Turkey, has announced the acquisition of Villa Industrie Chimiche, a supplier of textile specialty chemicals based in Milano, Italy. The purchase is in line with the development and growth strategy of the company, said Stefano Kaslowski, CEO of Organik Kimya.

Villa Industrie Chimiche began its activities in 1962 with the production of textile chemical auxiliaries located in Milano, grew to a leading position in the Italian market and thereafter diversified into foreign markets.

"The acquisition will strengthen its commercial footprint and extending its geographical reach in the textile specialty chemical market which is among its earliest market segments and where Organik Kimya has a significant presence, with its acrylic polymers," Kaslowski said.

Organik Kimya will continue to work on value creation and synergies from the proposed acquisition in order to provide creative product and service solutions to its customers while growing in solution acrylic markets, added Kaslowski. (RR)

Fibre2Fashion News Desk – India

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