Greiner Packaging expands in Turkey
Greiner Packaging has acquired a 51% majority in Teknik Plastik and Teknik IML from the Özata Group, in Turkey.
Teknik Plastik produces mainly packaging for the dairy industry and Teknik IML specializes in In-Mold-Labeling (IML) technology. Both firms are headquartered in Istanbul.
“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," said Axel Kühner, chairman, Greiner Holding.
By having a majority stake in both companies, the packaging specialist is assuming responsibility for around 270 employees.
