CMS advises ALPLA on acquisition in South Africa

10/07/2017

ALPLA, a leading provider of plastic packaging worldwide, has entered into an agreement to acquire Boxmore Packaging, headquartered in Johannesburg, South Africa, an African market leader in packaging. Signing of the transaction occurred on 5 July 2017, closing is subject to applicable regulatory and competition approvals. Financial terms of the transaction remain confidential.

ALPLA, a leading provider of plastic packaging worldwide, has entered into an agreement to acquire Boxmore Packaging, headquartered in Johannesburg, South Africa, an African market leader in packaging. Signing of the transaction occurred on 5 July 2017, closing is subject to applicable regulatory and competition approvals. Financial terms of the transaction remain confidential.

Boxmore Packaging specialises in PET pre-forms, PET bottles and closures, and currently employs around 1,000 members of staff at nine locations. The company's customers are situated in more than 20 African countries, as well as on the islands in the Indian Ocean.

CMS under lead partner Alexander Rakosi (Corporate/M&A) functions as the lead-counsel for ALPLA on the transaction, the core team further consists of Lisa Oberlechner (attorney-at-law; Corporate/M&A). Dieter Zandler (partner; Competition), Sibylle Novak (partner, Tax), Marie-Christine Lidl (associate; Corporate/M&A) and Arno Scharf (associate; Corporate/M&A) are providing valuable support. ENSafrica is handling all matters of South African law. GCA Altium is the client's financial advisor.

"We are very pleased to be able to support the dynamic ALPLA team on its expansion in Africa", says lead-partner Alexander Rakosi. "CMS' expertise on cross-border transactions has proven important in properly addressing transactional and legal complexities."

About ALPLA

ALPLA is among the leading companies in the field of plastic packaging solutions. Around 17,300 employees at 160 locations across 43 countries produce tailor-made packaging systems, bottles, caps and injection moulding parts. The high-end packaging solutions are used for a large variety of products, including food and beverages, cosmetics and care products, cleaning products and detergents, engine oil and lubricants. ALPLA celebrated its 60th anniversary in 2015.

A picture of Alexander Rakosi is available for free download here.

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