The ALPLA Group, the global packaging solutions and recycling specialist, is purchasing the Wolf Plastics Group to expand its product portfolio, and increase its growth potential in Central and South-Eastern Europe. "In acquiring all the shares in the packaging manufacturer Wolf Plastics Group based in Kammern, Austria, ALPLA intends to use the company's expertise, in particular in the manufacture of plastic buckets and canisters, to expand its product portfolio. With its three production facilities in Austria, Hungary and Romania, Wolf Plastics is the market leader in its line of business in Central and South-Eastern Europe," writes the company on its website.

ESTABLISHED IN 1973, WOLF PLASTICS HAS 210 EMPLOYEES

The company Wolf Plastics was founded in Kammern in the Austrian federal state of Styria in 1973. It supplies SMEs and international key accounts in the construction, chemical and food industries with buckets, canisters and bottles. It currently has a workforce of approximately 210 employees across its three sites in Kammern, in Fertőszentmiklós (Hungary) and near Bucharest (Romania). The product range consists of around 400 products.

READY TO EXPAND ITS PORTFOLIO IN CENTRAL AND SOUTH-EASTERN EUROPE

"Wolf Plastics has decades of experience in product areas in which we want to increase our representation in order to expand our portfolio and grow in Central and South-Eastern Europe," says ALPLA CEO Philipp Lehner. ALPLA Regional Manager CEE Rainer Widmar adds: "Sustainability is becoming more and more important in the market segments covered by Wolf Plastics too. This is precisely where we at ALPLA can apply our expertise and our market position."