Advertisement
News

Turkish group completes takeover of major local employer

May 28, 2026 17:41
By Shannonside News
Share this article
Turkish group completes takeover of major local employer

Cimsa bought a 94.7 per cent stake in the company in August 2024.

A Turkish-owned industrial group has completed the final stage of its takeover of Mannok in a deal believed to be almost £18 million sterling. Cimsa bought a 94.7 per cent stake in the company in August 2024.

The agreement secures full control of the building materials business, which remains one of the largest private employers in the region. Mannok operates major cement, insulation and packaging facilities in Derrylin, with hundreds of staff working across the border economy.

Advertisement
Tags used in this article
Advertisement

Shannonside Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

1e, Mastertech Business Park
Athlone Rd, Townparks,
Longford, Ireland
Eircode: N39 RR67

Download Shannonside App Today

Copyright © 2026 Shannonside FM. Developed by Square1 and Powered by PublisherPlus