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Closing: Saint-Gobain's Establishment of Joint Venture with Dalsan Now Closed

Closing: Saint-Gobain's Establishment of Joint Venture with Dalsan Now Closed

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On April 6, 2023, Gide Turkish affiliate Ozdirekcan Dundar Senocak announced that Saint-Gobain's plaster and plasterboard joint venture deal with Dalsan in Turkey (reported by CEE Legal Matters on May 4, 2022) was completed.

According to Gide, this marks the completion of a transaction that saw Saint Gobain Weber Yapi Kimyasallari acquire 50% of shares in Dalsan Alci from Dalsan Yatirim ve Enerji and sell 50% of its shares in Saint-Gobain Rigips Alci to Dalsan Yatirim ve Enerji.

As previously reported, Consulturk advised Dalsan Alci and Ozdirekcan Dundar Senocak advised Saint Gobain on the joint venture. 

Established in 1932, Dalsan is a Turkish manufacturer and exporter of materials including plasters, mortars and silo systems, plasterboards, exterior sheathing boards, flooring, roofing, and steel framing.

Saint-Gobain designs, manufactures, and distributes materials and services for the construction and industrial markets.

According to Gide, "both Saint-Gobain Rigips and Dalsan Alci are active in the business of production and sale of building materials. Following this transaction, Saint-Gobain Rigips and Dalsan Alci will be unifying their operations, in particular regarding the plaster and gypsum business line, under a single roof. With this partnership, the parties expect to develop the building materials business in Turkey and overseas."

Consulturk’s team included Partner Kadir Cevikbas.

The Ozdirekcan Dundar Senocak team included Partner Bulent Ozdirekcan, Senior Associate Mehmet Kosoglu, and Associates Nil Duman and Mustafa Karadas.

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