Sarten Sanayi ve Ticaret A.Ş. has signed an agreement to join forces with Mitsui & Co., LTD. in Istanbul through shares transfer.
“We aim to become the number one packaging company in our region. After the transfer of 15% shares of our company, which was previously owned 100% by our family, to Mitsui, we believe that we would obtain a competitive advantage in a wider region,” said Zeki Sarıbekir, CEO of Sarten.
“In a world gradually developing and globalizing, we, as Sarten, are making this partnership in order to provide more quality, fast and affordable products. Mitsui will support Sarten’s swift growth with its Japanese vision.”
Sarten, which is comes third in rank of steel can production in Europe, has 13 plants in Turkey, and one in Russia and Bulgaria.
Sarten management structure remains unchanged after the agreement.
Founded 43 years ago by Yusuf Sarıbekir and his family, Sarten assumes the management of the company and will continue with the packaging production and sales operations as before.
Mitsui has identified Turkey as a priority country in its new Medium Term Management Plan.
Following this equity investment in Sarten, Mitsui will create new business opportunities by helping Sarten to diversify its product range to meet the needs of customers in a wide range of industries and also introduce cutting-edge packaging technologies.
