ALPLA’s takeover of Boxmore Packaging, which was subject to legal and regulatory approval by the competition authorities, was recently approved.
The transaction, signed in July 2017 was approved without conditions. ALPLA now holds 100 percent of the issued share capital and has sole control of Boxmore Packaging.
This acquisition is the largest for the Austrian manufacturer. The company owned 163 production plants in more than 43 countries. It will now have an additional nine plants in three countries and 1 000 more employees.
The current Boxmore Packaging board and management team under the leadership of CEO, Len Engelbrecht will remain the same. Engelbrecht will take on the additional responsibility of integrating and managing the existing ALPLA SA business.
ALPLA’s regional director for Africa, the Middle East and Turkey, Christoph Riedlsperger will oversee the combined business, which will fall under his divisional responsibilities.
Riedlsperger says one of the critical deciding factors in this buyout was Boxmore Packaging’s well established footprint in southern Africa and the Indian Ocean Islands.
‘We like how the company is managed and feel good chemistry with the management team.’
Through this deal, the company aims to change its packaging offering to FMCG customers in the region. ALPLA has an ambitious growth strategy for Africa, which will be prioritised and built on the current footprint and existing relationships in sub-Saharan Africa.