Türkiye’s Çimsa, a subsidiary of Sabancı Holding, reached an agreement to acquire 94.7% of UK’s Mannok for an overall enterprise value of €330 million. The local Mannok’s (formerly the Quinn Group) leadership team will retain a 5.3% interest. Under the agreement, which is subject to customary approvals, the Mannok brand (photo: Scotchtown cement works) will be retained as a growth hub for Çimsa and Sabanci in Ireland and the UK. With the acquisition of Mannok, Çimsa will expand its diversified footprint in Western Europe’s building materials industry.