Prinzhorn Holding's Dunapack Packaging completes acquisition of 180,000 tonnes/year Denta Ambalaj, Turkey's fourth-largest paper and packaging manufacturer, boosting Dunapack's sales by 33% to 700,000 tonnes/year, as it aims to double output by 2020

LOS ANGELES , June 3, 2013 () –

Prinzhorn Holding GMBH unit Dunapack Packaging has completed the acquisition of Turkey’s fourth-largest paper and packaging manufacturer Dentaş Ambalaj Ve Kağit Sanayi AŞ, marking the company’s entrance into the expanding Turkish market, Packaging Europe reported June 3.

Vienna-based Dunapack’s acquisition of Dentaş Ambalaj, whose annual corrugated board production is 180,000 tonnes, would boost its overall sales volume by 33% to 700,000 tonnes/year. Dunapack aims to double its production by 2020.

Dunapack has been a leader in corrugated packaging in Central and Eastern Europe, Packaging Europe reported.

Meanwhile, Dentaş Ambalaj has a 10% share in the Turkish market and has three production sites in the Turkish cities of Denizli, Adana and Corlu. It serves about 3,000 customers, mostly in the agricultural, food and beverage sectors.

Following the acquisition, Dunapack has 14 corrugated board plants across nine countries, reported Packaging Europe.

The primary source of this article is Packaging Europe, Norwich, England, on June 3, 2013.

 

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.