Eczacıbaşı buys out wet wipe maker

ISTANBUL - Reuters

Özbay Ataman has sold his wet wipe firm for 56.3 million Turkish Liras.

Eczacıbaşı Girişim Marketing has acquired Ataman Group, a local wet wipe producer, for 56.3 million Turkish Liras, Eczacıbaşı Girişim has said.

Eczacıbaşı Girişim paid 45 million liras for Ataman Ecza ve Itriyat Deposu and 11.23 million liras for Ataman İlaç Kozmetik Kimya, according to a statement Eczacıbaşı Girişim made to the Istanbul Stock Exchange (İMKB).

Eczacıbaşı Girişim Marketing is a subsidiary of Eczacıbaşı Pharmaceutical and Industrial Investment, which is part of local conglomerate Eczacıbaşı Holding.

Brands such as Uni, Unibaby and Uni Wipes as well as the largest plant in its sector in Turkey and Eastern Europe were acquired in the acquisition deal, Eczacıbaşı Holding said earlier in a press release.