ALPLA, a producer of plastic packaging solutions, has announced the acquisition of Puerto Rico-based packaging manufacturer Fortiflex.
Founded in 1975, Fortiflex produces a diverse product range of more than 700 items for the Central American and Caribbean markets.
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The company’s facilities cater to regional and international clients across various sectors, including construction, chemicals, and food.
Prior to the acquisition, the two companies have been working together since 2017, producing a variety of products such as buckets, lids, crates, and tubs across locations in Puerto Rico, Costa Rica, and the Dominican Republic.
In 2023, the partnership saw the installation of a new production line for buckets in Costa Rica, with plans for further investments in the pipeline.
The acquisition will bolster ALPLAindustrial, ALPLA’s division created in 2023 for large-volume packaging solutions, and expand its offerings.
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By GlobalDataThe financial terms of the transaction have not been disclosed. The acquisition was contractually agreed on 22 December 2023.
ALPLA has decided to retain all 102 employees of Fortiflex.
ALPLA Mexico, Central America and the Caribbean managing director Carlos Torres said: “Through the acquisition of Fortiflex, we strengthen our position, expand our portfolio, and set the stage for further growth in the region. We gain decades of experience, recognised quality and state-of-the-art production lines.
“The business with industrial containers has great potential, and as a complete provider, we deliver closures and decorations along with them.”
Last November, ALPLA announced the acquisition of a majority stake in Moroccan company Atlantic Packaging.
