Betafence takes majority in Densa. [12-12-2007]
Today Betafence, worldwide market leader in wire fencing and access control, signs an agreement with DENSA, renowned Turkish producer of fencing systems, established close to Istanbul. From now Betafence - with own main shareholders Gilde & CVC Capital partners – takes over 60% of the shares. The name of the venture becomes Betafence Turkey.
Increasing market
The current thriving economy and rising consumption requirements of Turkey and the neighbouring region represent an important growing market (10% per year). The market of fencing and safety products shows a similar growth rate. Therefore the establishment of Betafence Turkey fits perfectly within the corporate strategy to grow fast in regions such as Turkey, the Middle East, Eastern Europe, India and Asia.
A good example of Betafence’s developing activity in Asia is certainly the investment in a new factory in China, earlier this year in June.
Patrick Lecluyse, CEO of Betafence, expresses this as follows: “Extending our activities in this region is an important, new step forward. By developing our activities locally, Betafence introduces innovative and qualitative solutions into a market with an enormous growth potential.”
The former Densa produces mainly fencing panels, railings and related systems. The company realises an annual turnover of about 3.5 million euro with a workforce of 35 people.
Deniz Ucüncu, president of Densa, is very satisfied: “Cooperating with Betafence results in a unique synergy. The combination of experience, local production capacity and teamwork will undoubtedly lead to achieving our objectives and success for the future.”
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