February 26, 2019
Industrials and Industrial Technology
Daniel Fritz, Alexander M. Grünwald, Philipp Andris, Peter Latka
GCA Altium advised ALPLA on the acquisition of Zamil
GCA Altium acted as exclusive financial advisor to ALPLA, a world leader in the packaging solutions sector, on the acquisition of the remaining 51% stake in the Saudi Arabia based joint venture Zamil Alpla Plastic and its subsidiary in Dubai Zamil Gulf Plastics. Through this acquisition ALPLA now owns 100% of Zamil.
Zamil ALPLA, headquartered in Damman, Saudi Arabia, is a provider of high quality plastic packaging products and preforms used primarily in the Middle Eastern food and cosmetics industries. Zamil ALPLA operates manufacturing sites in Saudi Arabia and Dubai.
ALPLA, a family owned company based in Austria, employs 20,000 people worldwide and operates 178 production and recycling sites across 46 countries. ALPLA and Zamil have already collaborated closely as a joint venture for ten years and following the 100% takeover of Zamil, operations will continue as before under the name ALPLA. With this acquisition, ALPLA will expand its market position in the pharma-related packaging market and strengthen its presence in the Middle Eastern region.
This transaction marks GCA Altium’s third with ALPLA, having previously advised on the company’s acquisitions of Boxmore and Argo.