29
Fri, Mar
51 New Articles

Erdem & Erdem Advises Sisecam Group on Sale of Cardboard Manufacturing to Dunapack Packaging

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Erdem & Erdem has advised the shareholders of Camis Ambalaj Sanayi A.S. — an affiliate of the Sisecam Group — on the sale of its corrugated cardboard manufacturing business to Mosburger GmbH, a subsidiary of Prinzhorn Holding operating under the name Dunapack Packaging.

The shareholders of Camis Ambalaj Sanayi represented by Erdem & Erdem are Turkiye Sise ve Cam Fabrikalari A.S. and Pasabahce Cam Sanayi ve Ticaret A.S. 

According to Erdem & Erdem, “offering solutions for its sophisticated customers in the food, beverage, glassware, fresh fruit, and vegetable industries, Camis Ambalaj Sanayi A.S. manufactures and sells 160 million square meters of corrugated packaging per annum at its Eskisehir plant using high-tech machinery and equipment.” The company will continue its offset printed packaging manufacturing business.  

Dunapack Packaging is a member of the Austria-based Prinzhorn Group, which Erdem & Erdem describes as "one of the leading companies operating in waste paper recycling, paper and cardboard packaging manufacturing in Europe.” With the completion of the transaction, Dunapack Packaging will have 18 manufacturing plants worldwide with an annual sales volume of 1.8 billion square maters of corrugated cardboard.

Erdem & Erdem did not reply to our inquiry about counsel for Prinzhorn.

Editor's Note: After this article was published, CEE Legal Matters learned that Prinzhorn had been advised by the Albayrak & Arslan Law Firm.

Our Latest Issue