The factory was built in 2008 and is operated by Argo Rom Plastics, with a turnover of nearly EUR44 million (up nearly 10%) and 53 employees. With the acquisition of Argo Rom Plastics, ALPLA reaches its third transaction in Romania. The transaction is pending approval from Romanian and Greek antitrust watchdogs. The two parties failed to disclose the value of the deal.
In 2015, ALPLA had bought Argo’s factory in Egypt and is currently buying the remaining operations.
Argo specializes in the manufacturing of packaging for the pharmaceutical and cosmetics industries.
ALPLA, boasting an experience of over 60 years, is a giant with 19,300 employees and 176 factories in 45 countries.
ALPLA is not at its first acquisition in Romania. Early 2017, ALPLA had bought the company Star East Pet, headquartered in Romanian city of Brasov and specialized in the manufacturing of PET preforms for beverages, food and non-food products. The value of transaction was not disclosed. In 2017, Star East Pet reported a turnover of RON149 million, up 16% on the year, a net profit of RON2.8 million and 70 employees, according to Finance Ministry data.
At that time, ALPLA was also present in Romania, through Bucharest-based company ALPLA Plastic, which posted a turnover of RON35 million in 2017.
Mid-2017, the thermoplastic polyester (PET) manufacturing and sale operations of Amraz Romania were acquired by ALPLA Plastic, part of ALPLA Group.