The value of transaction was not disclosed. In 2015, Star East Pet reported a turnover of RON129 million and a net profit of RON3.4 million, with 69 employees, according to Finance Ministry data.
Through this acquisition, ALPLA will boost its production capacities in Eastern Europe. Also, the portfolio of products and client base help complete the transaction.
Star East Pet was established in 1997 by Dan Moldovan and became one of the biggest players in the field of PET preform manufacturing.
ALPLA has 160 factories in 43 countries and is headquartered in Austria. It also operates in Romania through the company ALPLA Plastic in Bucharest, with a turnover of RON26 million in 2015.
Pet Star Holding and Amraz Romania also operate on the PET preform market.