Mannok has formally joined the Cimsa group following the latter’s acquisition being finalised in recent weeks.
Cimsa, a subsidiary of Sabanci Holdings, will retain the Mannok brand as a “growth hub” for them in Ireland and the UK. Under the terms of the agreement, Mannok will continue to be led by local management.
Cimsa’s senior leadership team visited Mannok recently to formalise the arrangement. The new owners see the Ireland-based operation as central to their expanded operations.
The Mannok acquisition is Cimsa’s third in as many years, alongside agreements in Spain and the United States of America.
“You’re doing incredible work here and we want to take that success and tell your story not just across Ireland and the UK, but to Europe and the world,” said Umut Zenar, chief executive officer of Cimsa.
“We want to build bridges between this site and our other Cimsa plants, bringing together your experience and the expertise from across our global network. The synergy we create will take both Mannok and Cimsa to new heights. Know how transfers will be realised for both sides with a systematic approach.”
Burak Orhun, president of Sabanci Materials Technologies SBU, added: “We see the people who make this facility what it is – the people who breathe life into the technology here. And believe me, we know just how valuable you all are. Our goal is simple: to help this facility, and you, reach your full potential.”
Mannok is a producer of construction materials and construction products across Ireland and the UK. It has almost five decades of history and adopted the Mannok name in 2020 when it rebranded from Quinn.
“There has been a lot of positivity around the company since the announcement of the acquisition was made, and that was enforced further when Cimsa spoke to staff about their plans for Mannok,” said Dara O’Reilly, chief executive officer of Mannok.
“A lot of the beliefs that lie at the heart of Mannok are mirrored by Cimsa, and we are excited for what the future holds as part of the Cimsa family.”
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