As a result of this transaction, the Sarantis Group now owns 100% of Polipak's share capital, thereby unlocking further synergies that will strengthen the Group's long-term prospects.
It is recalled that Polipak is one of the leading companies in Europe producing waste bags for household use as well as packaging products for industrial use, with a successful history of almost 40 years. Over the past three decades, Polipak has become one of the largest producers of its kind in Central and Eastern Europe.
This strategic move strengthens Sarantis Group's position in the consumer products industry and confirms its commitment to further growth and long-term value creation for its shareholders, the relevant announcement concludes.
