Switzerland-based leading packaging manufacturer Aluflexpack AG has signed an agreement to buy Turkish Teko Alüminyum, the company announced.
Established in 1974, Teko Aluminum is the leading company in the industry, which mainly produces aluminum caps for the dairy and beverage markets.
Aluflexpack Group previously acquired Arımpeks in 2018, which produces aluminum packaging for the pharmaceutical industry.
Aluflexpack Group has been developing and manufacturing premium flexible packaging solutions for leading global brands on an industrial scale for over 40 years. The Group operates through 13 integrated locations in Europe, including factories in France, Switzerland, Poland, Turkey, and Croatia.