# ILPRA acquires 30% stake in Turkish company Ponapack

ILPRA has signed a binding agreement to acquire 30% of the share capital of Ponapack, a Turkish producer of tray sealers and meat processing equipment, for a total of €1 million (€700,000 for 21% and €300,000 capital increase for 9%).

- Type: Acquisition
- Announced: 2022-11-29
- Where: Turkey, Türkiye
- Value: $1.04M (1.00M EUR)
- Status: announced
- Products: tray sealers, meat processing machines and equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Ilpra](https://endata.com/companies/39145.md) (acquirer)
- [Ponapack](https://endata.com/companies/66936.md) (target)

## Sources

- [ilpra.kr](https://ilpra.kr/ilpra-agreement-for-the-acquisition-of-30-of-masc-srl-2/news/), 2022-11-29: "ILPRA has signed a binding agreement to acquire 30% of the share capital of Ponapack."

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