CMS has advised ALPLA on its entrance into a joint venture with Thailand's PTT Global Chemical Public Company to manufacture and sell mechanically recycled plastics from used packaging materials.
The joint venture that will manufacture and sell mechanically recycled plastics, specifically recycled polyethylene terephthalate (rPET) and recycled high density polyethylene (rHDPE) from used packaging materials. According to CMS, "the formation of the joint venture is subject to customary regulatory approvals such as merger control clearances; it is expected that the transaction will be completed by the end of 2019/Q1 2020."
According to CMS, ALPLA has "around 20,800 employees worldwide produc[ing] custom-made packaging systems, bottles, closures and moulded parts at 178 sites across 46 countries." According to the firm, "the high-quality packaging is used in a wide range of areas, including food and drink, cosmetics and care products, household detergents, washing and cleaning agents, pharmaceutical products, engine oils and lubricants."
ALPLA already operates several of its own recycling plants: PET Recycling Team with a site in both Austria and Poland, and in the form of a joint venture in Mexico. The company has been cooperating with Germany's Texplast on PET recycling since July 2018.
The CMS team was led by Vienna-based Partner Alexander Rakosi and included Partner Dieter Zandler and Associates Oliver Werner, Ruth Bittner, and Marlene Wimmer-Nistelberger, in addition to lawyers from CMS's competition teams in China and Turkey.