Lordos United completes EUR 8.16m acquisition of 51% of P&S Carton
Lordos United has completed the acquisition of a 51% stake in Cypriot corrugated box maker P&S Carton Industries for EUR 8.16m (USD 9.14m), after Cyprus' competition authority cleared the deal. The transaction, agreed on 10 July 2026, takes Lordos United from plastics into corrugated packaging; P&S Carton is described as Cyprus' only domestic corrugated box maker, supplying about 60% of local demand. Lordos United plans machinery investment at P&S Carton in 2027 and 2028.
Why this mattersA plastics packaging group's move into corrugated board signals consolidation in Cyprus' small packaging market and sets up cross-selling across both substrates.
- Lordos United acquired 35,700 shares, a 51% stake in P&S Carton Industries, for USD 9.14m (EUR 8.16m).
- Deal completed after approval by Cyprus' Commission for the Protection of Competition; share purchase agreement was signed 10 July 2026.
- P&S Carton, founded in 1991, is described as Cyprus' only domestic maker of corrugated cardboard boxes, supplying about 60% of local demand.
- Sellers retain the remaining 49% of P&S Carton.
- Lordos United estimates P&S Carton's 2025 annual turnover of about EUR 11.4m will be consolidated, with its 51% EBITDA share at about EUR 869,248.
- Lordos United plans new machinery investment at P&S Carton in 2027 and 2028 to raise capacity and cost competitiveness.
Sources
Cyprus Mail