ALPLA Holding GmbH acquired the Egyptian production site of Argo S.A at the end of 2015. ALPLA is now planning to purchase all shares in the Greek company. The Austrian and Romanian competition authorities are currently examining the proposal. The acquisition is subject to regulatory approval.
‘Our goal is to build expertise in the pharmaceutical market at our Greek location in the future. We can see potential for growth in this industry and can make use of existing expertise,’ said ALPLA CEO Günther Lehner.
Argo S.A., founded in 1970 and based in Athens, has branches in Greece (Koropi/Athens) and Romania (Berceni/Bucharest). Argo has been a specialist in packaging solutions for the pharmaceutical and personal care markets since its foundation.
Approximately 270 employees now mainly produce bottles, cans, dispensers and closures for pharmaceutical products, cosmetics, crop protection and chemicals, as well as for veterinary medicine. Its customers include well-known international and regional companies.
The contracting parties have agreed not to disclose the purchase price or any of the details involved.