Turkish industrial group Eczacıbaşı Holding has agreed to sell its hygiene products subsidiary Sanipak to Malaysia-based Arch Peninsula Sdn Bhd in a deal valuing the company at $600 million.
The agreement, signed on March 20, covers the transfer of 100% of Sanipak’s shares, according to disclosures made to Turkey’s Public Disclosure Platform (KAP).
Major Consumer Brands Included
Sanipak is one of Turkey’s leading producers of tissue and hygiene products, with a portfolio that includes well-known brands such as Selpak and Solo.
The company operates in multiple categories including toilet paper, paper towels, wet wipes, and personal care products, and has a strong presence both domestically and in export markets.
Deal Structure and Approval Process
The transaction is based on an enterprise value of $600 million. However, the final purchase price will be adjusted at closing based on factors such as:
- Financial debt
- Cash position
- Working capital
The deal is subject to approval from regulatory authorities, including Turkey’s Competition Authority, as well as relevant international bodies.
Strategic Rationale
Eczacıbaşı stated that the sale aligns with its portfolio optimization and long-term growth strategy, allowing the group to allocate resources to new investment opportunities.
Company executives emphasized that the transaction will also help strengthen the global expansion of Sanipak’s brands, as the business joins a larger international platform focused on hygiene and paper products.
Industry Impact
Analysts view the deal as a significant development in Turkey’s fast-moving consumer goods sector, marking the transfer of a major domestic player into international ownership.
The acquisition is expected to enhance Sanipak’s global reach while potentially reshaping competitive dynamics in regional tissue and hygiene markets.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök