Austria-based plastic packaging company Alpla has completed a takeover of Zamil Alpla, Saudi Arabia. Alpla and Zamil formed a joint venture in 2008, of which Alpla held a 49 percent share.
After ten years of close collaboration as part of a joint venture, Alpla has acquired all the shares of Zamil Alpla. The buyer will continue to run the company as before under the name.
About 390 employees produce packaging made from HDPE and PET at three locations in Dammam, and Jeddah, Saudi Arabia, and Dubai, United Arab Emirates.
The acquisition was signed on Dec. 27, 2018 and will be completed in the first quarter of 2019. The contracting partners have agreed not to disclose any of the details of the agreement.
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