Paksoy has advised Univar Solutions on its acquisition of Kale Kimya. Egemenoglu advised the sellers.
Closing is expected in the first quarter of 2023, pending regulatory approval.
Univar Solutions is a US-headquartered commodity, specialty chemicals, and ingredients distributor.
Established in 1975, Kale Kimya is Turkey's specialty chemicals distributor. The company has a product portfolio of beauty and personal care products, and home and industrial cleaning products, including surfactants, actives, emulsifiers, preservatives, ultraviolet filters, fragrances, polymers, conditioners, esters, and emollients.
"This acquisition is a great fit between two companies that share market-leading reputations, expert technical support, a spirit of innovation, and relentless dedication to exceptional customer service," Kale Kimya CEO Birgen Kaleagasi Ozemre commented. "This will support the growth of our people and products even further, and I look forward to becoming a unified company with Univar Solutions."
The Paksoy team included Partners Elvan Aziz and Togan Turan, Senior Associate Busra Akture, and Associates Tugcan Akalin, Mete Siber, and Idil Gunes.
The Egemenoglu team included Partner Efra Aydin Can and Associates Buse Yonat and Furkan Ekin Ekinci.