Lordos United Public Ltd has announced the signing of an agreement for the acquisition of 51% of the share capital of P & S Carton Industries Ltd in what it has described as a strategic investment that expands the Group's activities in the paper packaging sector.
According to the announcement, "The agreement is part of the broader development plan of Lordos United's new management, which continues its dynamic actions, creating significant growth prospects. The aim is to exploit synergies, which, by strengthening production capacity and developing new packaging solutions, will respond to the constantly evolving needs of the market, both in Cyprus and abroad. The agreement will also give new impetus to P & S Carton Industries Ltd, for even greater growth and dynamic market penetration."
As also noted in the announcement, P & S Carton Industries Ltd is the only company in Cyprus that is active in the manufacture of cartons, offering complete high-standard paper packaging solutions for a wide range of industrial and commercial applications, such as the food and beverage industry, retail and the pharmaceutical industry.
"With many years of experience and specialised human resources, the company has established itself as a reliable partner for businesses in Cyprus, continuously investing in quality, technology and the development of new packaging solutions," the announcement notes.
The two companies are joining forces for a better future, following the global trend of synergies that ensure dynamic positioning in the market, it goes on to say, adding, "The combination of the know-how, experience and capabilities of the two companies will create significant synergies, enhance their competitiveness and offer even greater value to customers, partners, employees and shareholders."
"Lordos United Public Ltd continues to invest in the expansion of its activities, aiming to create new growth opportunities and strengthen its presence in strategic sectors of the economy," the announcement concludes.
