Greiner Packaging (Kremsmünster, Austria) is expanding its international footprint with the recent acquisition in Turkey. The leading manufacturer of plastic packaging has acquired a 51% stake 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.
|Willi Eibner and Mustafa Özilhan.|
“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 initiative to grow outside of Europe.
By having a majority stake in both companies, the packaging specialist is taking on 270 new employees. Teknik Plastik and Teknik IML are both headquartered in Istanbul and had been under the Özata Group umbrella.
This acquisition 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.”
Teknik Plastik produces a wide variety of food packaging using a broad technology portfolio. Its core strength lies in packaging solutions for the dairy industry. Teknik Plastik is BRC/IoP and ISO 9001 certified.
Teknik IML was established in July 2004. It is a very prosperous commercial enterprise and has become a branch leader in Turkey. Teknik IML specializes in In-Mold-Labeling (IML) technology, and is also able to adapt quickly to new market requirements. Teknik IML operates according to BRC/IoP, the global standard for packaging and packaging materials, and holds the ISO 9001 Certificate.