US EditionTITAN Group Signed an Agreement to Acquire Traçim Cement in the Greater ...
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The 100% acquisition, expected to close in the first quarter of 2026, is estimated to contribute sales of over $140 million, EBITDA of over $50 million and will enhance earnings per share from 2026.
Titan Cement International, Greece's 123-year-old cement giant, has accelerated its growth in Turkey. The company announced it has signed an agreement to acquire Traçim Cement, operating in Kırklareli, for $190 million. The transaction is expected to be completed in the first quarter of 2026. Here are the details...
Greek cement producer Titan has decided to expand its investments in Turkey. The company announced that it has reached an agreement to acquire 100% of Traçim Cement in Kırklareli for approximately $190 million.
Greece’s Cement Giant Titan to Acquire Turkish Producer Traçim for $190 Million
Greece’s century-old cement giant Titan is expanding its footprint in Türkiye. After entering the Turkish market in 2008 through a partnership with Adoçim, Titan is now set to acquire one of the country’s key industry players, Traçim Çimento. Titan SA announced that it has signed an agreement to purchase Traçim Çimento Sanayi ve Ticaret A.Ş. for approximately $190 million, equivalent to about ₺8 billion at current exchange rates. With this acqui…
TITAN Group Signed an Agreement to Acquire Traçim Cement in the Greater ...
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