Greiner Packaging acquires majority interest in successful Turkish company
Turkey expansion: Greiner Packaging continues to expand its market position, making it the market leader in Rigid Plastic Packaging for dairy products in Turkey.
Kremsmünster, June 2015. Greiner Packaging is expanding its international market position through an acquisition in Turkey. Greiner Packaging has acquired a 51% majority in the companies Teknik Plastik and Teknik IML from the Özata Group, making Greiner Packaging the market leader in Rigid Plastic Packaging for dairy products in Turkey. "We are systematically carrying on the globalization strategy with this expansion to Turkey, and this represents the first step toward markets in the Middle East and Asia", says Axel Kühner, Chairman of Greiner Holding AG. The acquisition reflects the company's medium-term strategy to grow outside of Europe in the future.
Expanding Competence
By having a majority stake in both companies, the packaging specialist is assuming responsibility for around 270 new employees. Both companies, Teknik Plastik and Teknik IML, are headquartered in Istanbul and had been part of the Özata Group under the Board Chairman, Mustafa Özilhan. Acquiring the group allows Greiner Packaging to combine decades of amicable commercial partnership. "The new acquisition in Turkey is confirmation of the successful international trail that we are currently blazing with Greiner Packaging," says Willi Eibner, CEO of Greiner Packaging International. "We can continue expanding our competence and now have even more options to respond to the wishes of customers from abroad."
