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Klöckner Pentaplast acquires packaging company Farmamak from Gözde Girişim

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Montabaur, Germany – September 6, 2016 – The global rigid film producer Klöckner Pentaplast will
acquire Farmamak from Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. (Gözde Girişim). Farmamak
will operate as a subsidiary within the Klöckner Pentaplast Group.
Klöckner Pentaplast, a world-leading producer of rigid films for the pharmaceutical, medical
devices, food and consumer packaging and beverages, has signed a definitive agreement to acquire
the rigid film producer Farmamak. Farmamak is a leading rigid film producer in Turkey (and the
surrounding regions) and currently resides under Gözde Girişim.
"We are excited for our first acquisition since 2011, together – with Farmamak as a local leader –
this transaction allows us to improve our customer focus in Turkey and throughout the Middle East to
improve our regional service and capabilities." commented Wayne M. Hewett, Chief Executive Officer,
Klöckner Pentaplast.
“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,” explained
Gözde Girişim CEO Mustafa Aydemir.
Farmamak, with sales of TRY 155 million (~EUR 47 million), employs around 230 people and its
production site is located in Gebze, Turkey. “Integrating Farmamak into the Klöckner Pentaplast Group
shows great confidence in the potential of our company and our employees and brings more
opportunities in the market to unlock further growth" said Kurt Kuruç, Managing Director of Farmamak.
Through targeted portfolio adjustments, Farmamak aims to further strengthen its position as a
leading film provider in the food, consumer packaged goods and pharmaceutical segments. Together
with Klöckner Pentaplast, Farmamak offers a wider range of products and comprehensive services at a
local level.
The transaction is subject to approval by the competition authorities. Until such approval is
granted, Klöckner Pentaplast and Farmamak will operate independently.


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