Home Countries World: Greiner Packaging buys stake in two Turkish companies

World: Greiner Packaging buys stake in two Turkish companies

Greiner Packaging has acquired a 51% majority in Turkish companies Teknik Plastik and Teknik IML from the Özata Group, thereby expanding its footprint in the Turkey’s rigid plastic packaging for dairy products.

“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.

Expanding Competence

With the acquisition, the company has 270 new employees.

“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.”

Established in 1967 and 2004 respectively, Teknik Plastik and Teknik IML produce packaging solutions for the dairy industry.

It is BRC/IoP and ISO 9001 certified.

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