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Schoenherr has advised the Austrian company Greiner Packaging International GmbH ("Greiner") on the acquisition of all shares in TEKNİK PLASTİK GREİNER AMBALAJ SANAYİ VE TİCARET ANONİM ŞİRKETİ ("TEKNİK PLASTİK GREİNER AMBALAJ"), one of Turkey's leading packaging and labelling companies.
Closing took place on 23 August 2017. As a consequence of this acquisition, Greiner is now the market leader in Turkey in the rigid plastic packaging sector for dairy products.
"We were pleased to support one of the leading packaging companies in the world in reinforcing their involvement in Turkey. Owing to this transaction, Greiner is set to benefit from its fortified engagement in Turkey, as a gateway to other regions," commented Schoenherr Istanbul attorney Bürke Şerbetçi, who led the project.
The complete takeover of the Turkish dairy product packaging company strengthens the plastics experts’ involvement in the Middle East and in Northern Africa. Greiner is one of Europe’s leading plastic packaging manufacturers in the food and non-food sector.
Schoenherr provided Greiner with comprehensive corporate, m&a, competition and regulatory support. The team advising Greiner consisted of Bürke Şerbetçi (attorney at law, corporate/m&a, competition); Murat Kutluğ (attorney at law, corporate/m&a); Büşra Özden (attorney at law, real estate); and Alara Baki (attorney at law, corporate/m&a, competition).