Constantia Flexibles Acquires Turkish Asaş

Industrials › Industrial Goods ♦ Published: August 11, 2011; 22:16 ♦ (Vindobona)

The subsidiary of Constantia packaging took over 93% of the Turkish company. The deal has already been approved by the cartel authorities.

Constantia Flexibles Acquires Turkish Asaş / Picture: © Constantia Packaging

On August 10, 2011 the closing of the majority takeover of Asaş Ambalaj Baski Sanayi ve Ticaret A.Ş., one of the leading flexible food packaging companies in Turkey, was effected. Since signing of the sale/purchase agreement in April the transaction was also cleared by all relevant merger control authorities.

Asaş’ approximately 360 employees achieved sales of € 63m last…

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