Addleshaw Goddard has advised Aksa Akrilik Kimya Sanayii A.Ş. (“Aksa”), a subsidiary of Akkök Holding and a leading Turkish chemical company, on its $125 million acquisition of US-based Dow Chemical’s 50% stake in their DowAksa joint venture. The transaction will see Aksa assume full ownership of DowAksa Advanced Composites Holdings BV, a global player in carbon fibre and advanced composite materials.

DowAksa, established in 2012, specialises in advanced composite materials critical to industries such as wind energy, defence, infrastructure, and mobility. This acquisition marks a significant milestone for Aksa as it strengthens its position as a global leader in carbon-based advanced materials, while also supporting Türkiye’s ambitions to reduce reliance on foreign carbon fibre sources.

The Addleshaw Goddard team advising Aksa was led by Daniel Cousens (partner, co-head of corporate) and Christopher Quinn (counsel, corporate).

The transaction is expected to close in the third quarter of 2025, subject to customary regulatory approvals and closing conditions.