ALPLA purchases Argo SA transaction completed

18 October 2018


Following approval from the competition authorities, the deal was closed on 1 October: all shares in Argo SA are now owned by ALPLA. The packaging specialist has thus expanded its activities in south-eastern Europe.

In July of this year, ALPLA announced its intention to purchase all the shares in the Greek company Argo SA. Following verification and approval of the transaction by the competition authorities, the purchase was completed on 1 October. Both locations in Greece and Romania are now 100% owned by ALPLA, and form part of the Central and Eastern Europe (CEE) region. ALPLA had already acquired the Egyptian production site of Argo SA at the end of 2015.

The Koropi location near Athens is ALPLA’s first production facility in Greece. With the addition of the Berceni factory near Bucharest, the packaging specialist now has a total of four factories in Romania.

Building on existing expertise

A centre of excellence for the pharmaceutical market is to be developed at the Greek site. ‘Argo specialises in packaging solutions for the pharmaceutical and personal care markets. Naturally, we want to make use of this expertise. In the pharmaceuticals sector in particular, we see opportunities for growth and a good addition to our existing product portfolio,’ says ALPLA CEO Günther Lehner.

The contracting parties have agreed not to disclose the purchase price or any of the details involved. The acquisition was signed off on 5 July, with the deal being closed on 1 October.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.