Credit: umdasch

Umdasch acquires an interest in the Turkish shopfitting company Madosan

Subject to the approval of the anti-trust authorities, which is still pending, the Store Makers at umdasch, Austria, will be acquiring a majority share in the Turkish shopfitting specialist Madosan in Bursa, a large city some two hours’ drive south of Istanbul.

The present owners, Vedat Saygin and his wife Sevgi, will remain on board as minority shareholders.

The company was founded in 1993 and operates as a specialist for metal shopfittings and heavy-duty shelving for international customers far beyond the Turkish borders, including, for example, the supermarket chain Auchan, the health-and-beauty store specialists Rossmann and the building supplies chain Leroy Merlin as well as Bosch and Saint Gobain. Production takes place exclusively at the company’s headquarters in Bursa, with a workforce of some 125 employees. Annual revenues amount to some 50 million Turkish lira.

Related

Subscribe to ACROSS Magazine

Across print & digital

Enjoy ACROSS – The European Placemaking Magazine on your desktop, tablet, or smartphone.

Latest Print Issue

Top