Karatzis Group buy-out 100% of BSK & Lakufol Kunststoffe GmbH
Karatzis Group moved forward with yet another strategical investment on the 30th of August 2022, with the buyout of the entire share capital of BSK & Lakufol Kunststoffe GmbH, based in Henfenfeld, Germany, further reinforcing the Group’s presence in the international packaging market.
This new investment comes after the buyout of the majority package of the German company that specialises in the production of multilayer stretch silage films of the latest technology, which the Greek group had already undertaken in 2020. BSK & Lakufol Kunststoffe GmbH is a lead force in the packaging industry with over 30 years of experience and a turnover set to exceed 20.000.000 euros in 2022. The top priority for Karatzis Group is the reinforcement of the unit’s production capacity through the installation of a new, state-of-the-art extruder production line.
Mr Nikos Palaskas will be taking over the new General Manager position, who, through his years of experience in the packaging industry has successfully fulfilled his managerial duties in important corporations within the field. Following the effective work of his predecessor, Mr Juergen Kloecking, Mr Palaska’s main aim is to support the group’s developmental policy on the global business map.
With regard to the new investment, Mr Antonis Karatzis, CEO and Managing Director of Karatzis Group, stated: “We are particularly pleased that the buyout of 100% of BSK & Lakufol Kunststoffe GmbH by Karatzis Group, has been completed. This new investment move aligns with the Group’s broader strategic planning for further reinforcement of our industrial and commercial presence in the global packaging market”.