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 marks the company’s first significant expansion into the industrial packaging sector, signaling a strategic pivot beyond its core hospitality and real estate operations.
The deal was announced on Friday, with Lordos United describing the move as a strategic investment to broaden its group activities.
By taking a majority position, the company secures operational control over P&S Carton, allowing it to integrate the packaging business into its wider corporate structure.
The cash consideration suggests the board views the acquisition as a manageable addition to its balance sheet, aimed at generating new revenue streams in a stable industrial niche.
This diversification effort comes as Lordos United continues to manage its broader portfolio.
The group recently confirmed the distribution of dividend payments to shareholders, fulfilling payouts approved earlier in the year.