GRUENDELPARTNER advises on the sale of TEXPLAST and PET Recycling Team Wolfen to the ALPLA Group

The FROMM Group, based in Steinhausen (Switzerland), has sold TEXPLAST GmbH and its stake in PET Recycling Team GmbH to the ALPLA Group, based in Hard (Austria). The ALPLA Group will thus become one of the largest PET recycling companies in Germany. Following approval of the sale under competition law, the transaction was completed on 30 April 2022. The parties have agreed not to disclose the purchase price.

The ALPLA Group is a global leader in the development and production of innovative packaging systems, bottles, closures and injection-moulded parts for a wide range of industries. According to the company, it employs around 22,100 people across its 177 production sites worldwide and achieved total turnover of around EUR 4 billion in 2021.

The FROMM Group develops and manufactures a wide range of premium equipment, machines and consumables for strapping and wrapping a wide variety of products. According to the company, it employs around 1,260 staff across its more than 40 sites worldwide and achieved a turnover of around EUR 320 million in 2021.

GRUENDELPARTNER has been advising the FROMM Group for many years at its site in Bitterfeld-Wolfen, including on the recent sale of TEXPLAST and its stake in PET Recycling Team.

GRUENDELPARTNER’s Corporate / M&A practice group is one of the most experienced and largest advisory teams in Central Germany and supports investors and founders through all stages of development, particularly in company formation, business development, corporate finance and all exit processes.