The global rigid film producer Klöckner Pentaplast will acquire Farmamak from Gözde Girisim Sermayesi Yatirim Ortakligi A.S. (Gözde Girisim). Farmamak will operate as a subsidiary within the Klöckner Pentaplast Group. Farmamak is a leading rigid film producer in Turkey and the surrounding regions and currently resides under Gözde Girisim. “We are excited for our first acquisition since 2011, together – with Farmamak as a local leader – this transaction allows us to improve our customer focus in Turkey and throughout the Middle East to improve our regional service and capabilities,” comments Wayne M. Hewett, Chief Executive Officer, Klöckner Pentaplast, the deal. Farmamak, with sales of TRY 155 m (app. € 47 m), employs around 230 people. Through targeted portfolio adjustments, Farmamak aims to further strengthen its position as a leading film provider in the food, consumer packaged goods and pharmaceutical segments. Together with Klöck­ner Pentaplast, Farmamak offers a wider range of products and comprehensive services at a local level. The transaction is subject to approval by the competition authorities.