With the acquisition of the Wolf Plastics Group, the Alpla Group plans to expand its product portfolio and tap into new market segments in Central and South-Eastern Europe.
With the acquisition of all shares in the packaging manufacturer Wolf Plastics Group, headquartered in Kammern, Austria, the Alpla The company's expertise, particularly in the manufacture of plastic buckets and canisters, will be used to expand the product portfolio. With three production plants in Austria, Hungary and Romania, Wolf Plastics is the market leader in its sector in Central and South-East Europe.
Wolf Plastics supplies both medium-sized customers and major international customers in the construction, chemical and food industries with buckets, canisters and bottles. The range comprises around 400 products.
The Austrian and Romanian competition authorities are currently reviewing the project. The transaction can only be finalised once it has been approved by the authorities. The parties have agreed not to disclose the purchase price or any other details. The takeover was signed on 29 July 2021.
Source: Alpla
