Austrian plastic packaging manufacturer Alpla Holding is continuing its expansion in Africa with its most recent acquisition of an Egyptian production site from plastics firm Argo S.A. (Athens, Greece). Alpla opened its first site on the African continent last year in Johannesburg.
Argo S.A., founded in 1970, has branches in Greece, Romania and, since 2011, in Egypt. The Alpla Group will assume control of the production site in Cairo at the end of the year. Financial details of the transaction were not disclosed.
The site is located around 30 kilometres north-east of central Cairo, in the industrial area of El Obour with a workforce of around 50 employees.
"The acquisition of this branch is a second important step to further expand our presence in Africa," says Alpla CEO Günther Lehner. Alpla opened its first site in Africa in 2014 in Johannesburg. Around 50 people are also employed at the site in South Africa, mainly involved in producing packaging for home care and cosmetic items.