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Perfektüp Ambalaj acquires Favia, the Italian

manufacturer with an 88-year history

Perfektüp Ambalaj, leading company of the Turkish packaging industry and our Group,

has taken a very important step towards becoming a global brand with the acquisition

of Italian company Tubettificio Favia, which has been operating as a manufacturer of

aluminum tubes for 88 years.

Our Group Company Perfektüp Ambalaj, which

has been manufacturing aluminum tubes and

monoblock aerosol cans as well as laminated tubes

for the packaging needs of the pharmaceutical,

cosmetic, personal and home care, food and

chemical industries since 1955 with more than

500 employees in its production centers in Turkey

and Bulgaria, has completed the steps for the

acquisition of Tubettificio Favia, one of the

leading aluminum tube manufacturers in Italy.

Tubettificio Favia has a special experience as a

solutions partner of big national and international

pharmaceutical companies since 1934 and has

become one of the most appreciated companies

in the field of aluminum tubes thanks to its great

experience and know-how in this field.

THIRD GENERATION OF THE

MANZINI FAMILY IN TURKEY

Regarding this historic merger, Mr. Livio Manzini,

Chairman of the Board of Perfektüp, made the

following statement:

“There is a clear industrial logic behind

Tubettificio Favia joining our Group. But it also

has a very special and emotional meaning

for me. My great-grandfather migrated from

Italy and settled in Turkey in the early 1900s,

meaning that I am the third generation of the

family born in Turkey. I am very pleased that

this initiative is drawing inspiration from a

meaningful past journey that still has relevance

in the present.

At the same time, we are happy and proud that

we are able to make a contribution to bringing

our two countries even closer and developing

their friendship. Favia’s production plant will

contribute to the development of our Group,

not only in Italy but also in the European Union.

With this acquisition, we have taken an

important step towards becoming a global

brand. The expansion of the production

network and product portfolio brought about

by the merger will ensure we continue to grow

by providing an ever more efficient service.”

BRAND-NEW PATH IN

RECYCLABLE PRODUCTS

This merger is also a harbinger of a completely

new path to be taken with shared corporate

values. Perfektüp, like the other companies in Bell

Packaging Group, is committed to implementing

the principles of environmental sustainability

across its production processes, giving preference

to recycled or recyclable materials and taking

responsibility for reducing energy consumption

and environmental emissions.

Favia is also a member of Consorzio Cial, a national

non-profit consortium that generates revenue

by recycling aluminum packaging waste, and it

is actively involved in the search for innovative

solutions such as ToBeNaturAL - aluminum tubes

with compostable lids.

We are confident that our two companies, which

are very similar in their corporate values, their

understanding of the circular economy, their

uncompromising quality

policy and their working

principles based on

operational excellence,

will combine their

strengths and offer more

effective packaging

solutions to increase the

competitiveness of our

customers by expanding

the production network

and product portfolio.

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