AALST, Belgium, February 5, 2025-

Ontex Group NV [EURONEXT: ONTEX], a leading international developer and producer of personal care solutions, announces that it has entered into a binding agreement to sell its Turkish subsidiary to Dilek Grup. The transaction includes Ontex’s business in Türkiye and related export business, as well as its plant in Istanbul.

Ontex’s Turkish subsidiary develops, manufactures, commercializes and distributes predominantly branded personal hygiene products with leading positions in Türkiye and the surrounding regions. Ontex’s Turkish subsidiary generated about €90 million sales in 2024 and is part of Ontex’s Emerging Markets division, which has been classified as discontinued operations.

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