Acquisition of Cairo branch from Argo S.A. strengthens presence in Africa
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. 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 Günther 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.
More information: www.alpla.com
ALPLA is one of the leading companies in the area of packaging solutions and is renowned throughout the world for producing plastic packaging of the highest quality. Around 16,000 employees at 154 locations across 40 countries produce high-quality packaging for brands in the food, drinks, cosmetics and cleaning industries. ALPLA celebrated its 60th anniversary in 2015.