RSM Group became a partner of Bimed, which operates in the electrical materials industry, and Beta-Pak, which operates in the packaging machinery industry, by purchasing the majority shares. Rıdvan Mertöz, Chairman of the Board of RSM Group said, “We made these investments with the vision of furthering the international success of both companies and turning them into global brands.”
RSM Group, one of Turkey’s well-established groups operating in the fields of electrical materials, electromechanics and automation, has made two major investments in the electrical materials and packaging machinery sectors. The majority shares of Bimed, which operates in the cable glands and medical sector, and Beta-Pak, which operates in the thermoform packaging machinery sector, belonged to RSM Group. Rıdvan Mertöz, Chairman of the Board of Directors of RSM Group detailed the investment processes and short-medium term projections for the companies in question.
“Our goal is to make both companies global brands”
Rıdvan Mertöz shared the following information about the partnership processes of the two companies, “7 years ago, we integrated Mesan Kilit into a global company and provided a very serious foreign currency inflow to our country. Now we invest in these two companies. We will be making efforts to provide foreign currency inflows to our country again. We have carried out the investment processes of Bimed and Beta-Pak with Pragma for about two years. I would like to thank them here once again. One year of these two years was spent examining the candidate companies. We eliminated the companies we are compatible with and started to negotiate with 6 companies by examining the companies we are compatible with. We decided to invest simultaneously in 2 companies that we think are compatible with us. Investing in a company is not like buying a machine or real estate. You have to go through a very serious process. In this context, 2021 Despite the negativities in the general economic situation at the end of the year, Bimed did not turn from our path. We bought 60 percent of Beta-Pak and 75 percent of Beta-Pak.”
With an additional investment of 11 million Euros
Employing 650 people, Bimed has a total of two factories, one in Istanbul and the other in Romania. The company completed year 2021 with a turnover of 45 million euros. Beta-Pak, which has 150 employees, finished 2021 with a turnover of 13 million dollars.
Making evaluations about additional investments, Rıdvan Mertöz said, “Bimed’s exports account for 90 percent of its total sales, and Beta-Pak’s 60 percent. While examining companies, we evaluated the vision of their shareholders, their position in the market and their growth potential. We will work to make it a world brand. We have started to invest in a modern factory with a total usage area of 30 thousand square meters for Bimed on a land that belongs to us in Istanbul Hadımköy. We are about to move to a larger factory for Beta-Pak. We will make investments to develop the technology of these companies. As RSM Group, we believe that the growth of our country is through production.”
Yakup Gülnihal, Board Member and General Manager of Bimed stated that they believe they will achieve a significant growth especially in production technologies and exports with the said partnership. Cengiz Karagülle, Founding Partner of Beta-Pak pointed out that Turkey has a significant production capacity and knowledge in the machinery sector, and that with the current partnership, they will undertake projects with high added value, especially on the export side, in the short and medium term.