The European Bank for Reconstruction and Development (EBRD) is extending a €3 million loan to Sapro, Turkey’s largest wet wipes producer. Sapro was founded by Ceyhun Zincirkıran and Mehmet Gündogdu in 1997. Seventy-five percent of Sapro’s sales are in the European markets where they are primarily sold as private label products in large European retail chains. In Turkey, Sapro produces wet wipes under the brand name Hops. The EBRD’s loan will finance part of the working capital required to ...