Plastic packaging producer ALPLA has signed a deal to acquire Italian company, Propack, which will represent its eighth acquisition in the country.
Based in Ostellato, Italy, Propack specialises in producing high-density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles for domestic use.
With this acquisition, ALPLA strengthens its production capacities in the North-East of Italy.
The acquisition will also help the company to expand its operations and reach out to new customers in one of Italy’s most industrialised regions.
ALPLA CEO Günther Lehner said: “We are gaining access to a strong distribution network. Propack is a good strategic partner, which will help us to achieve our targets in Italy, where we are involved since 1985.”
The acquisition is expected to be completed by the middle of next month.
Established in 2002 under the leadership of Gianni Scapoli, Propack serves as the exclusive supplier of bottles for Biochimica, a detergent producer.
Propack’s facility employs approximately 20 people who manufacture HDPE and PET bottles for Italian clientele.
Operating for more than six decades, ALPLA specialises in producing plastic packaging solutions for the food, beverage, cosmetics and cleaning industries.
The company employs nearly 17,300 employees at 160 locations across 43 countries.
Earlier this month, ALPLA acquired West Bend, a bottle manufacturing plant based in Wisconsin, US, from Gehl Foods.
The 100,000ft2 plant supplies six layer bottles for aseptic filling in the food and dairy industry.
Image: ALPLA, a global provider of plastic packaging, has acquired a 100% stake in the Italian company, Propack. Photo: courtesy of ALPLA.