# Constantia Flexibles to acquire Propak Ambalaj from Gözde Girişim for EUR 120M

Constantia Flexibles has signed an agreement to acquire 100% of Turkish flexible packaging maker Propak Ambalaj from Yıldız Holding's Gözde Girişim for EUR 120 million, subject to legal approvals.

- Type: Acquisition
- Announced: 2021-04-30
- Where: Düzce, Türkiye
- Value: $144.0M (120.0M EUR)
- Status: announced
- Products: printed flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Propak Ambalaj](https://endata.com/companies/1265.md) (target)
- [Constantia Flexibles](https://endata.com/companies/1266.md) (acquirer)
- [Propak](https://endata.com/companies/2110.md) (target)
- [Gözde Girişim](https://endata.com/companies/7914.md) (partner)

## Sources

- [medyamerkezi.yildizholding.com.tr](https://www.medyamerkezi.yildizholding.com.tr/en/press-releases/operating-under-the-roof-of-gozde-girisim-propak-ambalaj-to-be-acquired-by-constantia-flexibles-as-a-result-of-its-successful-performance-in-recent-years), 2021-04-30: "an agreement has been signed for the sale of the shares representing 100% of the total capital of Propak Ambalaj to Constantia Flexibles over a business capital of EUR 120 million."
- [packagingmea.com](https://www.packagingmea.com/constantia-flexibles-announces-the-acquisition-of-propak-in-turkey/), 2021-05-01: "Constantia Flexibles signed an agreement to acquire the packaging producer Propak located in Dücze, Turkey."
- [invest.gov.tr](https://www.invest.gov.tr/en/news/news-from-turkey/pages/austrian-constantia-flexibles-expands-investments-turkey.aspx), 2023-04-17: "Austria-based Constantia Flexibles signed an agreement with the Turkish private equity investment company Gözde Girişim to acquire 100 percent of the shares of Propak Ambalaj."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.