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Announced

Completed

Klockner Pentaplast completed the acquisition of Farmamak from Gozde Girisim for $47m.

Financials

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Transaction Value£35m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Majority

Completed

Friendly

Private

Containers and Packaging

rigid film

Single Bidder

Turkey

Acquisition

Synopsis

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Klockner Pentaplast, a global rigid film producer, completed the acquisition of Farmamak, a packaging company, from Gozde Girisim Sermayesi Yatırım Ortaklıgı, a Turkey-based private equity investment firm, for $47m. “Always a pioneer and innovator in its field, Farmamak introduced many industry firsts and achieved sustainable growth over a number of years. I am sure that under the ownership of Klöckner Pentaplast, the business will further build on this solid heritage and see further growth,” Mustafa Aydemir, Gozde Girisim CEO.

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