Dunapack Packaging Hellas, part of the Austrian Prinzhorn Group, has entered into an agreement to take over El Pack's corrugated packaging operations. The transaction comprises the sites in Patras, Kapandriti and Thiva in Greece. With around 250 employees, a turnover of approximately 43 million euros was achieved in 2025.

"This acquisition represents another important milestone in strengthening Dunapack Packaging's presence in Southeast Europe. Greece is an attractive market with significant growth potential, and we are pleased to welcome a strong local partner into the Prinzhorn Group," comments Gerald Prinzhorn, CEO of Prinzhorn Group.

"The acquisition represents an important step in our regional growth strategy. By bringing together local expertise and the capabilities of the Dunapack Packaging network, we are well positioned to create added value for existing and future customers in Greece and neighboring markets," says Stanislav Razpopov, Managing Director & Member of the Board of Dunapack Packaging.

"Building on more than sixty years of successful growth in Greece, strengthened by the acquisition of Dunapack Packaging Hellas in 2016 by Prinzhorn Group, we continue to further evolve in the corrugated packaging market in Greece through sustainable development and strategic investments. We share with the people of El-Pack the same core values and, most importantly, a strong commitment to customer centricity." added Vasileios Exarchos, Cluster Managing Director in Dunapack Packaging.

The transaction is subject to merger clearance with an expected closing in the second half of 2026.

The Prinzhorn Group
With more than 10,000 employees in 16 countries, the Prinzhorn Group operates in the corrugated packaging, paper, and recycling industries. With annual revenue of Ꞓ2.4 billion, the Group ranks as the market leader in Central and Eastern Europe and in its business segment. The family owned Prinzhorn Group has its headquarters in Vienna, Austria and is structured in three divisions: Dunapack Packaging (corrugated packaging solutions), Hamburger Containerboard (production of high-quality corrugated case material products) and Hamburger Recycling (collection and trading of secondary raw material).