Alpla Acquires Romanian Company Star East Pet
At the beginning of the year, Alpla, Hard, Austria, signed an agreement to acquire a 100 percent stake in Star East Pet SRL. The deal is expected to be concluded by the middle of 2017, subject to the required legal and regulatory approval by the competent authorities. The contracting parties have agreed not to disclose the financial details.
With this acquisition, the Austrian company has expanded its production capacities in Eastern Europe. The product portfolio and customer base also complement its operations, with improved proximity to existing customers. "We are gaining access to a strong distribution network. Star East Pet is a good strategic partner, which will help us to achieve our targets in Romania and beyond", says Alpla CEO Günther Lehner.
Star East Pet was founded in 1997 and has developed into one of Romania’s leading manufacturers of PET preforms. The company employs 70 people and specializes in the production of PET preforms for drinks, food and non-food products, for both local and international customers. Alpla itself has been involved in the Romanian market for many years. Its focus is on bottles and closures for the Personal Care and Home Care market segments. Alpla has identified an important future market in Eastern Europe for the recycling of PET. With its own recycling plant in southern Poland, Alpla is driving forward the issue of recycling and raising awareness. Since 2013, around 75 employees have used roughly 75,000 t of PET bottles at this plant every year.
ALPLA Werke Alwin Lehner GmbH & Co KG
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