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Portfolio & StrategyOperations & Footprint 22 Oct 2026

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.
Lordos United P&S Carton Industries counterparty
Sources Cyprus Mail
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-23 · Edited before publication: The source does not say Lordos United is 'Cyprus-listed'. P&S Carton makes corrugated boxes. The EUR to USD conversion (USD 9.14m) is correct.
  • 2026-10-23 · Edited before publication: Following the publisher's note on deal values, the first key fact now carries the USD amount (EUR 8.16m x 1.1205 = USD 9.14m). Everything else is grounded.