Türkiye’s Ciner Holding acquires US firm Genesis Alkali for $1.4B
A view from Genesis Alkali's factory (Company photo)
Soda ash producer WE Soda, owned by Türkiye-based Ciner Holding, has announced the acquisition of Genesis Alkali, a subsidiary of Genesis Energy.
According to the company’s statement, the transaction was completed on Feb. 28, with a valuation of $1.425 billion.
According to Turkish media reports, WE Soda has officially become the world’s largest soda ash producer with the acquisition of Genesis Alkali.
The company stated, “This acquisition increases our total annual production capacity to approximately 9.5 million tons, significantly enhancing our scale, geographic diversity, customer reach, supply chain infrastructure, and sustainability leadership.”
‘A strategic milestone‘
Ciner Holding-owned WE Soda CEO Alasdair Warren described the acquisition as a major strategic milestone, stating, “The acquisition of Alkali forms the foundation of our future growth, strengthens our industry leadership, enhances our ability to serve customers globally, and provides significant operational and efficiency benefits for our stakeholders.”
‘We are now the largest global producer‘
Warren further emphasized, “We are now the world’s largest soda ash producer and the only one with 100% natural production, further reinforcing our sustainability leadership. We have diversified our portfolio operationally and geographically while gaining access to global infrastructure that will enhance our customer service offerings.”
“As we welcome our new colleagues into the WE Soda family, we are combining exceptional expertise and experience to create a world-class industrial minerals company committed to the highest standards of safety, operational excellence, and sustainability.”
