Lordos United Public Ltd has signed an agreement to acquire a 51% stake in P&S Carton Industries Ltd, marking its strategic entry into the paper packaging sector and reinforcing the company’s long-term growth strategy.
The acquisition represents a significant milestone in the Group’s expansion plans, enabling it to diversify its business portfolio while strengthening its position in one of the fastest-growing segments of the manufacturing industry.
The investment forms part of the broader vision of Lordos United’s new management, which has been actively pursuing opportunities to enhance the company’s presence in high-potential industrial sectors. By acquiring a controlling interest in P&S Carton Industries, Lordos United aims to capitalize on growing demand for sustainable and high-quality paper packaging solutions driven by stricter environmental regulations, increasing e-commerce activity, and changing consumer preferences.
The partnership is expected to generate substantial operational and commercial synergies. By combining their expertise and resources, the two companies plan to strengthen production capabilities, improve operational efficiency, and accelerate the development of innovative packaging products tailored to the evolving needs of customers in Cyprus and international markets. The collaboration will also support investments in advanced manufacturing technologies, product innovation, and sustainable packaging solutions.
P&S Carton Industries Ltd is the only manufacturer of cardboard boxes in Cyprus, providing a comprehensive range of paper packaging products for industries including food and beverages, pharmaceuticals, retail, agriculture, and general industrial applications. With decades of industry experience, a skilled workforce, and a strong reputation for quality and reliability, the company has established itself as a leading packaging supplier in the region. It has consistently invested in modern production equipment and the development of customized packaging solutions that meet the diverse requirements of its customers.
The acquisition is expected to provide P&S Carton Industries with additional financial strength and strategic support, enabling it to expand production capacity, broaden its product portfolio, and pursue new business opportunities both domestically and in export markets. The transaction also aligns with the global packaging industry’s ongoing trend toward consolidation and strategic partnerships, allowing companies to improve competitiveness, achieve economies of scale, and better serve customers.
Growing demand for recyclable and fiber-based packaging solutions has created significant opportunities for paper packaging manufacturers worldwide. As businesses increasingly replace plastic packaging with renewable and recyclable alternatives, investments in paper-based packaging production have accelerated across Europe and beyond. Lordos United’s investment positions the Group to benefit from these long-term market trends while supporting the transition toward more sustainable packaging solutions.
The combined expertise of Lordos United and P&S Carton Industries is expected to create long-term value for customers, employees, suppliers, and shareholders by strengthening market competitiveness, enhancing innovation capabilities, and improving service quality. The companies also expect the partnership to contribute to the continued development of Cyprus’ manufacturing sector by promoting industrial growth and creating new business opportunities.
With this strategic acquisition, Lordos United Public Ltd continues to execute its expansion strategy by investing in industries with strong growth potential. The company said the transaction reflects its commitment to building a diversified business portfolio, driving sustainable growth, and strengthening its presence in strategic sectors that support the evolving needs of regional and international markets.