Greiner Packaging has acquired the remaining 49% share in Turkish dairy packaging company, Teknik Plastik Greiner Ambalaj.

The 100% acquisition is expected to strengthen the company’s rigid plastic packaging business, as well as its presence in the Middle East and Northern Africa.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In 2015, Greiner Packaging acquired the majority stake (51%) in Teknik Plastik and Teknik IML, both of which later merged into Teknik Plastik Greiner Ambalaj.

Greiner Group chairman Axel Kühner said: “The majority stake in Teknik Plastik and Teknik IML in 2015 gave us an initial foray into the markets in the Middle East and North Africa.

“In line with continuing our globalisation strategy, we have decided to integrate the Turkish site with its 270 employees entirely into the Greiner Packaging corporate organisation.”

After the acquisition of 51% stake, Greiner Packaging made a significant investment to modernise the joint venture’s infrastructure and machinery, as well as expand its product portfolio.

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.
“The majority stake in Teknik Plastik and Teknik IML in 2015 gave us an initial foray into the markets in the Middle East and North Africa.”

Greiner Packaging CEO Manfred Stanek said: “We believe in the Turkish market and have positioned ourselves well in the past two years, both geographically and organisationally, in order to serve the markets in the Middle East and North Africa.

“We will therefore also continue to invest in the site.”

Following the acquisition, the joint venture will start operating as Greiner Packaging.

The new corporate structure will also be devised that will be announced at Eurasia Packaging to be held in October.

Image: Greiner Packaging acquires remaining stake of Teknik Plastik Greiner Ambalaj. Photo: courtesy of Greiner Holding.