Receive our newsletter – data, insights and analysis delivered to you
  1. News
February 14, 2019

Alpla buys remaining stake in Middle East joint venture

Austria-based plastic packaging firm Alpla has acquired the remaining 51% stake in its Middle East joint venture (JV), Zamil Alpla, for an undisclosed sum.

Austria-based plastic packaging firm Alpla has acquired the remaining 51% stake in its Middle East joint venture (JV), Zamil Alpla, for an undisclosed sum.

Alpla established the JV in partnership with Zamil Plastic and opened a manufacturing facility in Dammam in 2007. Alpla held a 49% stake in the JV.

As part of the deal, the Austrian company now owns a 100% stake in the JV. The deal to buy the remaining stake was signed in December.

The company has expanded the JV by opening two facilities in Jeddah and Dubai and a second location in Dammam.

The JV currently employs 360 associates and produces packaging solutions. This includes preforms and packaging made from HDPE and PET for home care, beverage, food, oil and lubricants and beauty care markets. It also focuses on extrusion and stretch blow moulding technologies.

“Alpla will continue to operate the JV under its banner and will keep all employees.”

As the transaction is complete, Alpla will continue to operate the JV under its banner and will keep all employees.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging

Alpla currently employs 19,300 employees globally to produce custom-made packaging systems, bottles, closures and moulded parts at 176 sites across 45 countries.

In October, the Austrian packaging solutions firm completed the acquisition of all shares in Greek plastic packaging manufacturer Argo.

The deal expanded the presence of Alpla in the Central and Eastern Europe (CEE) region and offered 100% ownership of Argo’s facilities in Greece and Romania.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU