The funds generated from the sale will serve to “substantially improve” Gerresheimer’s capital and financing structure by lowering its leverage.
The partnership includes implementing joint awareness campaigns, distributing reusable cloth and vehicle bags, installing recycling bins at the company’s branches, printing environmental messages on packaging materials, and using QR codes to provide educational environmental content to consumers.
The new metallizer will enhance IPAK’s production capacity for premium metallized packaging films, which are widely used in food packaging, pharmaceutical blister foils, decorative packaging, and industrial applications.
Despite heightened geopolitical uncertainties, the company experienced no material impact on its operations, supply chain, or financial performance, with higher input costs being effectively passed on to customers.
El-Abrak said the move into diverse destinations is intended to reduce the risks associated with dependence on a single market, particularly amid potential trade or political fluctuations.
The new operation is intended to help customers manage shorter lead times, changing forecasts and the move towards paperisation.
The combined operations will leverage Dunapack’s integrated business model and regional network to serve customers across Greece and neighbouring markets, including the Balkans and Southeast Europe.
The pack reduces plastic by more than 80 percent compared to traditional plastic bottles, a significant reduction that addresses growing consumer concern about single-use plastic packaging in the beverage sector.
The Commission found that a surge in dumped imports led to price undercutting and suppression, resulting in declining market share, reduced profitability, and lower returns on investment for domestic producers.
The authority is also working to encourage investment in sustainable alternatives, strengthen environmental compliance, and support innovation in environmentally friendly packaging materials.