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Sirius Plastik Acquires Turkish Cast Acrylic Sheets Maker PIA Akrilik.

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MANews-(C)2009-2021

Turkey-based special purpose vehicle Sirius Plastik has acquired all outstanding shares of Turkish cast acrylic sheets maker PIA Akrilik from North American engineering thermoplastic sheet and profile products manufacturer Plaskolite Inc, the company said.

Established in 2013 as a joint venture between Plaskolite and the Ã[double dagger]eker family, PIA Akrilik is a Turkish manufacturer of cast acrylic sheets and exports its products to 34 countries.

Sirius Plastik is owned by the Ã[double dagger]eker family, who is also the main shareholder of Isik Plastik, the leading Turkish manufacturer of plastic engineering thermoplastic sheet products.

Isik Plastic became publicly traded on Istanbul's stock exchange in January 2021, with nearly 20% of Borsa Istanbul's 2m investors participating in Isik Plastic's public offering.

PIA Akrilik sells its products under the Castplas brand. It manufactures cast acrylic sheets for a variety of end markets and uses, including advertising, indoor and outdoor decoration, bathtubs, sound barriers, TV screen protectors, airplane and helicopter windows, aquariums, lighting, and display stands.

PIA Acrylic operates a 26,376 m² production facility in the 2nd Organized Industrial Zone of Malatya, where it has an annual production capacity of 7,500...

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