The packaging solutions specialist ALPLA, based in Austria, has completed a 100% takeover of Zamil ALPLA. ALPLA and Zamil founded as a joint venture in 2008, of which ALPLA previously held a 49% share.
After 10 years of close collaboration as part of a joint venture, ALPLA has acquired all the shares of Zamil ALPLA. The buyer will continue to run the company as before, and with all employees, under the name ALPLA. Around 390 employees produce preforms and packaging made from HDPE and PET at three locations in Dammam, Jeddah (both Saudi Arabia) and Dubai (UAE).
The acquisition was signed on 27 December 2018 and will be completed in the first quarter of 2019. The contracting partners have agreed not to disclose any of the details of the agreement.
All three locations in the Middle East will continue operations.