Theegarten-Pactec has acquired shares in the Turkish mechanical engineering company Markev Packaging with effect from 1 september 2022. With this acquisition, the packaging specialist intends to respond even better to customers who require packaging solutions for the medium performance range.
Theegarten-Pactec, a packaging specialist for small-sized confectionery products based in Dresden, Germany, acquired a stake in the Turkish company Markev Packaging on 1 September. The Istanbul-based company was founded in 1998 and has since been manufacturing intermittent chocolate and jelly packaging machines as well as complete automation and feeding systems. Markev’s machines achieve a packaging output of up to 900 pieces per minute for jelly products and hard candy and 400 pieces per minute for chocolate products.
Markus Rustler, CEO of Theegarten-Pactec said,“Through the acquisition, Theegarten-Pactec aims to complement its product portfolio and become more attractive to customers in the mid-performance and price segments below the high-performance machines built in Dresden. This step is exactly the right one for our long-term success. Markev machines are solidly constructed and produced to the highest quality. They have an impeccable reputation in the industry.”
Markev, in turn, is expected to benefit from the Dresden-based packaging specialist’s worldwide sales and service network as a result of the cooperation. So far, Markev has mainly been active in the Middle East, North Africa, the CIS, and India.
In addition to the sales cooperation, Rustler will take on tasks in Markev’s management. As a member of the board, he will help shape the further development of the company in the future. Despite the cooperation, both companies will continue to operate independently on the market and serve the different market segments.
“Through this cooperation, we are on one hand strengthening the Dresden location as a place of know-how for the construction of high-performance machines. On the other hand, with Markev’s market access, we will also be able to offer new customers competitive solutions from the medium performance range that meet our quality standards in the future,” Markus Rustler concludes.