Ravago Chemicals SA, based in Luxembourg, has acquired majority shares of Promar Endüstriyel Kimyasallar Sanayi ve Dış Ticaret A.Ş. (PROMAR) and PRM Kimya A.Ş. (PRM) companies founded and owned by Mutlu Çığrı, in Türkiye. The share purchase agreement, negotiations for which have been ongoing for over a year, was signed on December 30, 2022 and announced to the public on March 21, 2023.
After the transition the new management aims to maintain all product groups produced for the Turkish and export markets as well as all the distributorship products and services carried out for many years, at the highest efficiency. The new management plans to take various steps to achieve this goal, such as improving the quality of existing products and services, maintaining customer satisfaction at the highest level and developing marketing activities.
Aiming to increase market share and strengthen its presence in Türkiye and export markets the new management will work to increase customer satisfaction and expand marketing activities both domestically and internationally.
The statement noted that Mutlu Çığrı will continue as the General Manager of the companies in the coming period. With the support of the existing working team and the assurance of Ravago, an internationally reputable company, the new management is expected to reach its goals more quickly.
With its investment in Türkiye, Ravago Chemicals SA continues to grow in the international chemical sector. The company, with its global network and local market experience, is among the leading companies in the sector. This acquisition is expected to open the door to new partnerships and investments in the Turkish chemical industry.
Ravago Global and Ravago Türkiye are preparing to take new steps to work with their customers and suppliers in stronger and more competitive conditions. With 27 years of experience, the company aims to create more value for its customers and suppliers with its experienced team and developing capabilities. The company aims to increase its market share by creating stronger and more competitive working opportunities with its domestic and international customers, as well as offering more effective and efficient business development opportunities to its suppliers, contributing to the sector.
It is believed that Ravago, with its experienced team and increasing capabilities, will create more value for its customers and suppliers. The company continues to work tirelessly to maintain its success in the sector and strengthen its leading position.
