Shareholders of LGR Emballages and the Turkish company Duran Dogan Printing and Packaging join forces in Turkey. LGR will acquire 23,6% of Duran Dogan’s shares, buying stake of Ulker/Yildiz Holding. The other historical family shareholders will stay involved exactly as previously.
Ulker/Yildiz Holding, which is the biggest group within the Turkish food industry, had been for 15 years the main shareholder of Duran Dogan.
This initiative confirms the will of both family companies to reinforce the development of Duran Dogan on the growing Turkish market and abroad. The main targets are premium cardboard packaging, spirits and cholocate/confectionary, as well as consumer goods, hygiene, healthcare.
On the other side, Duran Dogan will allow LGR to complete its offer in Europe towards its international and multisite customers, in the field of litho-printed laminated boxes and other activities. Many sales and industrial synergies will be globally implemented.
LGR Emballages is one of the main European manufacturers of cardboard packaging, especially for litho-printed laminated boxes and healthcare/hygiene folding cartons. LGR has 10 sites in France, Belgium and Spain, and employs 750 FTE. In 2012 the Group recorded 120 M€ of turnover and delivered more than 3 billion products to the main national and European market leaders of the targeted sectors.
