3i acquires majority stake in Geka

Agreement will help expansion into new markets and sectors

German packaging specialist Geka has announced that international fund, 3i has acquired a majority stake in the company from Halder. Details of the agreement, which also includes funds managed by 3i have not been disclosed.

“We are excited about the pro-active partnership with 3i and are ready to step up our growth,” commented Franco Lucá, ceo, Geka. “Our level of innovation remains a key unique selling proposition. In addition to expanding our business into the Asian and South American markets, we are looking to enter the cosmeceutical market with 3i’s support.”

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GEKA (more information, website)