At the beginning of the year, ALPLA signed an agreement to acquire a 100% stake in Star East Pet SRL. With this acquisition, ALPLA has expanded its production capacities in Eastern Europe. The product portfolio and customer base also complement its operations, with improved proximity to existing customers.
“We are gaining access to a strong distribution network. Star East Pet is a good strategic partner, which will help us to achieve our targets in Romania and beyond,” said ALPLA CEO Günther Lehner.
Star East Pet was founded in 1997 under the leadership of Dan Moldovan and has developed into one of Romania’s leading manufacturers of PET preforms. The company had €27 million in sales in 2016, and employs 70 people. It specializes in the production of PET preforms for drinks, food and non-food products.
The deal is expected to be concluded by the middle of 2017, subject to the required legal and regulatory approval by the competent authorities.