Ontex Group NV has agreed to sell its Turkish subsidiary to Dilek Grup.
The deal includes Ontex’s business in Türkiye, its Istanbul plant, and export operations.
Generating €90 million (~$93.60 million) in 2024, the unit is part of Ontex’s discontinued Emerging Markets division.
The sale aligns with Ontex’s strategic refocus on Europe and North America, pending regulatory approval by Q3 2025.