Austrian plastic packaging firm Greiner Packaging has acquired a 51% stake in Teknik Plastik and Teknik IML from the Özata Group, in a move to bolster its presence in Turkey’s dairy product packaging market.

The acquisition is in line with the company’s medium-term strategy to grow in Europe and abroad.

With this investment, the company will increase its workforce by adding 270 employees from Teknik Plastik and Teknik IML.

Greiner Holding chairman Axel Kühner said: "We are systematically carrying on the globalisation strategy with this expansion to Turkey, and this represents the first step toward markets in the Middle East and Asia."

"We can continue expanding our competence and now have even more options to respond to the wishes of customers from abroad."

Founded in 1967, Teknik Plastik produces packaging solutions for the dairy sector and deploys a broad spectrum of food packaging technology.

Teknik IML was formed in 2004 and has a specialisation in in-mould labelling (IML) technology.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Greiner Packaging International CEO Willi Eibner said: "The new acquisition in Turkey is confirmation of the successful international trail that we are currently blazing with Greiner Packaging.

"We can continue expanding our competence and now have even more options to respond to the wishes of customers from abroad."

Greiner Packaging employs close to 3,400 people in units across 31 locations in 17 countries. The company offers development, design, production, and decoration solutions for plastic packaging in the food and non-food sector.

Image: Willi Eibner, CEO of Greiner Packaging International, and Mustafa Özilhan, board chairman of the Özata Group. Photo: courtesy of Greiner Packaging.