Aluflexpack AG (SWX:AFP) agreed to acquire 80% stake in Teko Aluminyum Sanayi Anonim Sirketi on April 4, 2022. Ventura Partners acted as consultant to Aluflexpack. The net sales of the acquired business were approximately 16 million in 2021. The transaction is expected to close in Q2 2022.
Arimpeks Alüminyum San. IÇ. VE DIS. TIC. A.S. and Aluflexpack AG (SWX:AFP) completed the acquisition of 80% stake in TEKO Aluminyum Sanayi A.S. for 41.68 million on May 12, 2022. Pursuant to the transaction, TEKO was acquired 79% of these were acquired by Arimpeks and 1% by Aluflexpack AG.