Lordos United Public Ltd has agreed to acquire a controlling 51% stake in P&S Carton Industries Ltd for €8.16 million in cash.
The transaction, announced on Friday, represents the company's first major move into the industrial packaging sector, signaling a strategic pivot toward diversification.
The acquisition allows Lordos United to enter the corrugated packaging market, a sector with steady demand drivers linked to e-commerce and retail logistics.
By securing a majority stake, the group gains immediate operational control and revenue streams from P&S Carton, reducing reliance on its traditional hospitality and real estate holdings.
This expansion comes as other entities within the broader Lordos ecosystem face headwinds.
Agros Development Company Proodos Public Ltd recently warned that its first-half 2026 financial performance would diverge significantly from the prior year, while Lordos Hotels (Holdings) Public Ltd indicated that results would fall short of last year's figures despite maintaining its dividend payout.