Lordos United acquires majority stake in P&S Carton Industries to strengthen paper packaging business
Lordos United Public Ltd has signed an agreement to acquire a 51% stake in P&S Carton Industries Ltd, marking its entry into the paper packaging sector and expanding its presence in a strategic growth market.
The acquisition forms part of Lordos United’s broader business development strategy under its new management, with the company aiming to leverage operational synergies, enhance manufacturing capabilities and develop innovative paper packaging solutions to meet evolving customer demand in both Cyprus and international markets.
The company said the investment is expected to accelerate the growth of P&S Carton Industries, enabling the carton manufacturer to expand its market presence while strengthening its production capacity.
P&S Carton Industries is the only company in Cyprus dedicated to carton manufacturing, providing high-quality paper packaging solutions for a broad range of industries, including food and beverage, retail and pharmaceuticals. Over the years, the company has built a strong reputation through continuous investments in technology, product innovation and skilled personnel.
According to the companies, the partnership reflects the growing global trend toward strategic collaborations that improve competitiveness and drive long-term business growth. By combining their expertise, manufacturing capabilities and industry experience, Lordos United and P&S Carton Industries expect to deliver greater value to customers, business partners, employees and shareholders.
Lordos United added that the acquisition aligns with its long-term strategy of expanding into high-potential sectors while creating new opportunities for sustainable growth and strengthening its position in the regional market.
