Austrian packaging company Alpla has acquired a 100% stake in Italian plastic bottle producer Propack.
Headquartered in Ostellato, Propack specialises in the production of HDPE and PET bottles for home care. The deal sees Alpla expand its production capacities in north-east Italy with its eighth plant in the country.
Alpla was drawn to Propack due to its complementing product portfolio and its proximity to potential new customers in one of the most industrialised areas of the country.
Alpla CEO Günther Lehner said: “We are gaining access to a strong distribution network. Propack is a good strategic partner which will help us to achieve our targets in Italy, where we are involved since 1985.”
The announcement marks the latest in a succession of acquisitions by Alpla as it aims to expand its production capacity across the globe. Earlier this month it bought the West Bend bottle manufacturing plant in Wisconsin from Gehl Foods.
Propack was founded in 2002 under the leadership of Gianni Scapoli who developed the company as an exclusive supplier of bottles for Biochimica, a leading producer of detergents in Italy. The company employs about 20 people.
© FoodBev Media Ltd 2020