Atlantik Pak in talks with Agrokom

According to the Russian newspaper Vedomosti, the local company Agrokom is planning to acquire Atlantis Pak. The deal is still in the negotiation phase and the value of the potential transaction is not disclosed. Analysts estimate that peers in the packaging industry are currently trading 0.7 - 1.0 times their annual sales. Based on it the price tag of Atlantis Pak would reach 3.0 – 4.5 billion roubles. Taking into account that Atlantis Pak enjoys a higher profit margin relative to its peers (18% vs 5-12%), the deal will probably be closed at a higher price, according to Tatjana Bobrovskaja, an analyst at Metropol.
Atlantis Pak is located in Rostov on Don. The company is the leader in producing sausage casings in Russia with a market share of 75%. The official representative of Atlantis Pak in Estonia is AS Veikand.
The full Vedomosti article can be found here.

AS Veikand
Välja tn. 7 Pärnu
80010 Estonia

Tel.: +3724464930
Fax.: +3724464931

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