ALPLA acquires packaging manufacturer Wolf Plastics

Packaging and recycling specialist The ALPLA Group has announced it is acquiring all shares in packaging manufacturer the Wolf Plastics Group.

The company says the acquisition will see it expand and grow in Central and South-Eastern Europe.

In a press release, ALPLA said it was purchasing Wolf Plastics, based in Kammern, Austria, to "use the company’s expertise, in particular in the manufacture of plastic buckets and canisters, to expand its product portfolio."

Wolf Plastics has three production facilities in Austria, Hungary and Romania, and a strong market presence in Central and South-Eastern Europe.

The Austrian and Romanian competition authorities are currently examining the proposed takeover and the deal is still subject to regulatory approval.

Read more: BillerudKorsnäs & ALPLA join forces to pioneer paper bottles

Wolf Plastics was founded in Kammern in the Austrian state of Styria in 1973. It supplies SMEs and international key accounts in the construction, chemical and food industries with buckets, canisters and bottles.

It currently employs around 210 employees across its three sites in Kammern, as well as in Fertőszentmiklós, Hungary and near Bucharest, Romania. The product range consists of around 400 products.

"Wolf Plastics has decades of experience in product areas in which we want to increase our representation in order to expand our portfolio and grow in Central and South-Eastern Europe," said ALPLA CEO Philipp Lehner. 

The purchase price for the deal was not disclosed.

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