Dekopak Ambalaj Sanayi Ve Tic. A.S. ("Dekopak") started business in 2005 and is headed by entrepreneur Peter Zegir. The company is based in Istanbul and manufactures sleeve labels for multinational customers in the region.
The license agreement is effective January 1, 2012 and provides for the transfer of CCL technologies and the cooperation of both companies to leverage supplier and customer relationships. Dekopak will change its trading name to "CCL-Dekopak" and will operate under CCL Label's corporate identity system. CCL-Dekopak will complement CCL's existing European sleeve label operations in Austria, France and the United Kingdom.
Geoffrey T. Martin, President and Chief Executive Officer, commented, "We have known and admired Peter's business for some time and are very pleased we have finally been able to cement this new relationship."
Peter Zegir, Managing Director of CCL-Dekopak, added, "We are excited to have the support of the world's largest label company to bring new technologies to this fast growing emerging country that bridges Europe and Asia."
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