|SOUTH-EAST EUROPEAN INDUSTRIAL МARKET » South-East European INDUSTRIAL Мarket - issue 4/2016, November
Dunapack Packaging acquires a Turkish corrugated operation
Dunapack Packaging, which is part of the major Prinzhorn Group in Austria, has signed an agreement for the acquisition of Turkish corrugated packaging business of Camis Ambalaj Sanayi.
The plant of Camis Ambalaj Sanayi is situated in Eskisehir, which is about 280 km southeast of Istanbul. The plant has annual sales volume of approximately 160 million square meters of corrugated packaging (80 000 tons). The company itself specializes in producing and delivering of shelf-ready, transportation- and storage-packaging.
With the acquisition of this plant Dunapack Packaging will become the owner of four plants in Turkey. Dunapack Packaging is present in 10 countries, with 18 facilities for corrugated packaging. It is expected that the Prinzhom Group division will increase its overall sales volume to 1,8 billion square meters (900 000 tons) of corrugated packaging, which would be a decisive step towards the fulfillment of the company's goals to increase its profit by two times within the next few years.
"The acquisition of the corrugated business of Camis Ambalaj Sanayi brings us state-of-the-art technology and highly motivated staff. This will allow us to deliver innovative and creative packaging solutions to an even wider range of clients in the region," commented on the acquisition Alexander Enzenberg, managing director of Dunapack Packaging Division.
Етикети: Dunapack Packaging Camis Ambalaj Sanayi corrugated packaging Prinzhom Group