CMS has advised ALPLA on its acquisition of Spanish recycling companies Suminco S.A. and Replacal S.L. Barcelona's Fornesa Ceca Magan law firm advised the sellers.
Both companies are part of a Spanish family business with more than 35 years of experience in the production of HDPE recyclates. The annual capacity of the plants is to be expanded to up to 35,000 tons. Business operations will continue as before, with the existing management. Financial details were not disclosed, and both signing and closing occurred simultaneously.
ALPLA is an Austrian plastics manufacturer that specializes in blow-moulded bottles and caps, injection-moulded parts, preforms, and tubes.
CMS team consisted of, in Vienna, Partners Alexander Rakosi and Dieter Zandler, Associates Florian Mayer, Ruth Bittner, Marco Selenic, and Christoph Birner, and Legal Assistant Matthias Emich; and in Spain, Partner Luis Miguel do Dios and Associates Tobias Kalnay and Elena Alcazar.
The Fornesa Ceca Magan team was led by Partner Tomas Fornesa.
Editor's Note: After this article was published CMS informed CEE Legal Matters that ALPLA acquired Suminco S.A. and Replacal S.L. from Trativo S.L.