302 15 unique packpaper What s new in the market Greiner Packaging acquires Majority Share in Successful Turkish Company Expansion in Turkey Market position continuing to grow Greater disposable incomes changing consu mer habits and the growing number of full time working women have led to steady growth in the Turkish food industry in the last few years Inte rest in packaged and processed goods is rising and consumers have become more demanding as a result of the many offerings available in su permarkets The Turkish dairy industry has tradi tionally been dominated by natural unpackaged products however changing purchasing habits have led to a shake up that offers great potential for suppliers and producers Potential that Grei ner Packaging is ready to take advantage of The market leader in rigid plastic packaging Greiner has been able to further grow its interna tional market position through an acquisition in Turkey It acquired majority shares in the compa nies Teknik Plastik and Teknik IML from the Öz ata Group in early June This has made Greiner Packaging the market leader in Turkey in the rigid plastic packaging sector for dairy products This expansion is the first step toward the Middle East and Asian markets and reflects the medium term strategy of pursuing future growth outside of Eu rope as well An expanding skill set The majority share acquisition in the two com panies has brought some 270 new employees under the packaging specialist s umbrella Both companies Teknik Plastik and Teknik IML are located in Istanbul and were previously owned by the Özata Group under the management of its president Mustafa Özilhan Acquisition of this group has allowed Greiner Packaging to combi ne a decades long business relationship and a friendly partnership The new acquisition in Tur key is confirmation of the successful international path that we are currently blazing here at Greiner Packaging states Willi Eibner CEO of Greiner Packaging International We can continue to ex pand our skill set and now have even more op portunities to respond to international consumer demand Teknik Plastik Founded in 1967 Teknik Plastik produces a wide variety of various types of food packaging using a broad technology portfolio Its focus is prima rily on packaging solutions for the dairy industry Teknik Plastik is BRC Lop V4 and ISO 9001 2008 certified and holds the Enterprise Registration Certificate Teknik IML Teknik IML was founded in July 2004 It has been extremely successful commercially and has be come an industry sector leader in Turkey Teknik IML specializes in the In Mold Labeling IML technology In addition it has the capability to adapt quickly to new market demands Teknik IML operates according to BRC IoP the global standard for packaging and packaging materials and holds ISO Food Safety System Certification 22000 With the new acquisition in Turkey we can continue to expand our skill set and now have even more opportunities to respond to international consumer demands Willi Eibner CEO Greiner Packaging International

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