GRUENDELPARTNER advises on sale of TEXPLAST and PET Recycling Team Wolfen to 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). This makes the ALPLA Group one of the largest PET recycling companies in Germany. Following antitrust approval of the sale, 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 and, according to its own figures, employs around 22,100 people at its 177 production plants worldwide and generated total sales of around EUR 4 billion in 2021.

The FROMM Group develops and produces a broad premium range of equipment, machines and consumables for strapping and wrapping a wide variety of products. According to its own information, the company employs around 1260 people at its more than 40 locations worldwide and generated sales of around EUR 320 million in 2021.

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

GRUENDELPARTNER's Corporate / M&A practice group is one of the most experienced and best-staffed advisory units in Central Germany and supports investors and founders in all development phases, in particular in company formation, company development, corporate financing and all exit processes.