Brief: Titan Acquires 100% of Traçim Çimento Sanayi Ve Ticaret Anonim Şirketi For $190 Million

Titan SA

11/12/2025 07:25

Dec 11 (Reuters) - Titan SA TITC.BR:

ANNOUNCES THAT IT HAS ENTERED INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF TRAÇIM ÇIMENTO SANAYI VE TICARET ANONIM ŞIRKETI

PURCHASE PRICE FOR THE ACQUISITION OF 100% OF THE COMPANY’S SHARES CORRESPONDS TO ABOUT $190 MILLION

TRANSACTION IS EXPECTED TO BE COMPLETED IN THE FIRST QUARTER OF 2026

ACQUISITION IS ANTICIPATED TO CONTRIBUTE TO SALES ABOVE $140 MILLION, TO EBITDA ABOVE $50 MILLION, AND TO BE EPS ACCRETIVE IN 2026

EXPECTS FURTHER PERFORMANCE IMPROVEMENT FROM SYNERGIES IN SUBSEQUENT YEARS

Source text: [ID:]

Further company coverage: TITC.BR

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))