ISTANBUL (Turkey), November 14 (SeeNews) – Turkish plastic polymers maker Te-Mapol Polimer Plastik ve Insaat Sanayi Ticaret [BIST:TMPOL] said on Fridya it has acquired a 50% stake in local tempered glass maker Center Glass Cam Mobilya Tekstil Sanayi ve Ticaret.
Te-Mapol paid 4.0 million Turkish lira ($1.8 million/1.4 million euro) in cash for the stake, it said in a bourse filing.
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The company announced in October its decision to conduct preliminary surveys to enter the tempered glass production and distribution business.
Te-Mapol manufactures plastic products for the automotive, home appliances, medical, construction, leisure sectors.
(1 euro = 2.7908 Turkish lira)