MOSCOW (MRC) -- ALPLA Holding GmbH will take over the Egyptian production site of Argo S.A. at the end of 2015. In doing so, the Austrian-based specialist in plastic packaging will expand its market position in Africa, said the producer on its site.
ALPLA opened its first site on the African continent in 2014 in Johannesburg.
Argo S.A., founded in 1970 and based in Athens, has branches in Greece, Romania and, since 2011, in Egypt. The ALPLA Group will take over the production site in Cairo at the end of December 2015. The contracting parties have agreed not to disclose the purchase price.
The site is located around 30 kilometres north-east of central Cairo, in the industrial area of El Obour. Around 50 employees are currently working here.
"The acquisition of this branch is a second important step to further expand our presence in Africa," says ALPLA CEO Gunther Lehner. ALPLA opened its first site in Africa in 2014 in Johannesburg. Around 50 people are also employed at the site in South Africa, mainly involved in producing packaging for home care and cosmetic items.
As MRC informed earlier, at the end of October, ALPLA announced it would acquire Italian PET preform producer Plasco. Founded in 1995, Plasco has facilities in Anagni and Atella and produces more than 2.5 billion preforms per year.
ALPLA Holding GmbH operates as a holding company. The Company, through its subsidiaries, manufactures and distributes plastic bottles, preforms, caps, and tubes. ALPLA offers its products to food, beverage, beauty care, home care, oil, and lubricants industries in Austria.
MRC