Schmid Industrieholding and a minority shareholder signed an agreement for the sale of Wolf Plastics, a leading bucket manufacturer, to ALPLA, a family-owned internationally active specialist for packaging solutions and recycling, which is headquartered in Austria.
Wolf Plastics was founded in 1973 in Kammern in the Austrian province of Styria. It supplies both medium-sized customers and major international customers in the construction, chemical and food industries with pails, canisters and bottles. At the three sites in Kammern (Austria), Fertőszentmiklós (Hungary) and Bucharest (Romania), the company currently employs around 210 people.
The sale enables Schmid Industrieholding to concentrate on its core business, which is mainly in the building materials trade. ALPLA can use the purchase to further grow its market presence in Southeastern Europe, add new products to its product portfolio and integrate its own knowledge of sustainability into Wolf Plastics.
MP’s dedicated Packaging sector team successfully advised Wolf Plastics’ owners through all stages of the auction process from the development of the strategy how to best position the company in light of current market trends for a sale, the preparation of premium marketing materials through leading all negotiations with several bidders till the closing of the deal.
Almost entirely remote during COVID-19, MP coordinated the various workstreams, balancing the information requirements of the individual stakeholders and the need for an expeditious and resource-efficient transaction. By identifying and approaching of the most suitable buyers, MP created a highly competitive global bidding environment.