UNNOX GROUP, a portfolio company of the Iberian private equity firm Sherpa Capital, has completed – along with the Turkish masterbatch company AKSOY PLASTIC – the creation of a joint-venture UNNOX AKSOY.
UNNOX AKSOY will commercialise and distribute both product portfolios of AKSOY PLASTIC and UNNOX GROUP in the Middle East and Eastern European markets.
AKSOY PLASTIK, founded in 1982, is a renowned manufacturer of color and additive masterbatch based in Istanbul. The company offers its clients a wide array of high-end, personalised products both for the colour and additive masterbatch segments.
The creation of UNNOX AKSOY is part of UNNOX GROUP’s strategic growth plan, focused on its geographic expansion through a complete, well diversified product portfolio. Following this transaction, Unnox plans to continue with its growth plans, not only with further bolt-on acquisitions across Europe, but also with investments in new state-of-the-art machinery, allowing the company to continue providing the most competitive offering possible and to fully meet the needs of its customers, with a sustainable growth strategy.
Fernando Aguado, operating partner of Sherpa Capital and responsible for Unnox Group, says: “With this investment, Unnox Group reinforces its commitment to customer service, to the development of new markets and products, and, ultimately, to our strategic growth plan, based on sustained and sustainable growth. The project also comprises the possibility of AKSOY PLASTIK being incorporated into the UNNOX GROUP.”
