The ALPLA takeover of Boxmore Packaging, which was subject to legal and regulatory approval by the competition authorities, has officially been approved.
The transaction, which was signed in July 2017, has been approved without conditions, resulting in ALPLA holding 100% of the issued share capital of Boxmore Packaging. ALPLA now has sole control over Boxmore Packaging.
This acquisition represents the largest for the Austrian manufacturer, which, prior to taking over Boxmore Packaging, already owned 163 production plants in more than 43 countries. It will add a further nine plants in three countries, and 1,000 employees through this acquisition.
The current Boxmore Packaging board and management team under the leadership of Len Engelbrecht (CEO), will remain the same, and Engelbrecht will take on the additional responsibility of integrating and managing the existing ALPLA SA business. Meanwhile Christoph Riedlsperger, ALPLA’s Regional Director for AMET (Africa, Middle East and Turkey) will oversee the combined business, which will fall under his divisional responsibilities.
Riedlsperger explained that Boxmore Packaging’s well established Southern African and Indian Ocean Islands footprint, plus its market strength in the beverage sector in South Africa, were critical deciding factors in this buyout. Apart from these aspects, he shared, “We like how the company is managed and feel good chemistry with the management team.”
Through this deal, ALPLA aims to change its packaging offering to FMCG customers in the region. In the markets that Boxmore Packaging currently operates, ALPLA’s global technical team will accelerate project delivery and bring additional expertise to improve customer service. In categories that ALPLA SA currently services, e.g. extrusion blow moulded bottles, Boxmore Packaging’s national and regional manufacturing footprint will enable the business to reach new customers. Through ALPLA, Boxmore Packaging will be able to better serve new FMCG categories with new products and services.
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.
Engelbrecht concluded, “ALPLA is a great future partner, and we are excited to work with our new shareholders to realise our main goal, which is growing the market and ensuring the long-term sustainability of the business.”