Acquisition of Verigreen Packaging expands ALPLA’s product portfolio in Africa
Hard – The global manufacturer of plastic packaging and recycling specialist, the ALPLA Group, has acquired the manufacturer Verigreen Packaging based in Durban. The company specialises in bottles and canisters for lubricants such as engine oils.
The ALPLA Group acquired the lubricants division of the South African packaging manufacturer Verigreen on 7th July 2021. Verigreen Packaging has a workforce of 25 employees at its site in Durban. “This acquisition is the perfect fit for our strategy,” explains Mike Resnicek, Managing Director of Sub-Saharan Africa at ALPLA. “It offers us an inroad into a market segment in which we have not been present in southern Africa until now as well as generating synergies for our existing customers and giving us opportunities to further diversify our portfolio.”
With the acquisition, ALPLA is increasing its involvement in this region. In 2017, it acquired Boxmore Packaging, the African market leader in the manufacture of PET bottles, PET preforms and caps. A modern production facility together with a regional head office is currently under construction in Lanseria near Johannesburg. There is another production facility near to Cape Town. The acquisition of Verigreen Packaging adds a plant in the country’s third largest city, Durban, to the portfolio. Outside of Africa, the ALPLA Group already has a wealth of experience in the production of packaging for lubricants.
The two companies have agreed not to disclose any details regarding the deal.