CMS and Karatzas & Partners have advised ALPLA, a global provider of plastic packaging, on the acquisition of Argo S.A. Binder Groesswang in Austria and Kyriakides Georgopoulos in Greece advised the the sellers on the deal. The transaction closed on October 1, 2018, after obtaining regulatory and competition approvals. Financial terms of the transaction were not disclosed.
Argo, which was founded in 1970, is headquartered in Athens, with a subsidiary and an additional production site near Bucharest, Romania. It specializes in packaging solutions for the pharmaceutical and personal care markets.
"Our goal is to build expertise in the pharmaceutical market at our Greek location in the future," explained ALPLA CEO Gunther Lehner. "We can see potential for growth in this industry and can make use of existing expertise."
The CMS Vienna team was led by Partner Alexander Rakosi and included Partners Dieter Zandler and Thomas Bohm, Senior Associates Lisa Oberlechner and Ioanna Ovadias, and Associates Linda Marterer and Marie-Christine Lidl. The CMS Romania team was composed of Partner Horea Popescu, Senior Associates Mircea Moraru, Claudia Nagy, and Raluca Ionescu.