The Eskişehir based corrugated packaging plant of Camiş Ambalaj Sanayi A.ş. is located 280 km south-east of Istanbul with an annual sales volume of approx. 160 million m2 of corrugated packaging (80.000 tons). The company is specialized in shelf-ready, transportation- and storage¬packaging. It supplies blue-chip clients in the food, beverage, glass, fresh fruit and vegetable industry sectors.
Cord Prinzhorn, CEO of family-owned Prinzhorn Group, said: “This transaction is a unique opportunity for Dunapack to further enhance our position in the supply chain with environmentally friendly packaging and to provide our clients with the best service possible. After the acquisition of Dentaş Ambalaj in 2013 it also shows our strong commitment to this dynamic and growing market in Turkey.”
With the acquisition of this plant, Dunapack will operate four box plants in Turkey and will be represented in 10 countries, with 18 corrugated plants. Dunapack will increase its overall sales volume to 1,8 billion m2 (900.000 tons) of corrugated packaging, which is an important step to reach the company’s strategic goal of doubling its production within the next years.
Alexander Enzenberg, managing director of Dunapack Packaging Division said: ”The acquisition of the corrugated business of Camiş Ambalaj Sanayi A.ş. brings us state-of-the-art technology and highly motivated staff. This will allow us to deliver innovative and creative packaging solutions to an even wider range of clients in the region.”
The Prinzhorn Group
Dunapack Packaging is part of Prinzhorn Group. Prinzhorn Group employs 6000 people in 15 countries and ranks among the European market leaders in the recycling, paper and packaging industry. With an annual turnover of approximately 1,2 billion Euro the company is number three in Europe in this segment. The family-owned Prinzhorn Holding has its headquarters in Wiener Neudorf / Austria and is structured in three divisions: Hamburger Recycling Group (collection and trading of waste-paper), Hamburger Containerboard (production of corrugated board) and Dunapack Packaging (corrugated packaging solutions).
Both parties agreed not to disclose the purchasing price. The transaction remains subject to merger clearance.