Argo S.A., founded in 1970 and based in Athens, has branches in Greece, Romania and, since 2011, in Egypt. The ALPLA Group will take over the production site in Cairo at the end of December 2015. The contracting parties have agreed not to disclose the purchase price.

The site is located around 30 kilometres north-east of central Cairo, in the industrial area of El Obour. Around 50 employees are currently working here.

"The acquisition of this branch is a second important step to further expand our presence in Africa," says ALPLA CEO Günther Lehner. ALPLA opened its first site in Africa in 2014 in Johannesburg. Around 50 people are also employed at the site in South Africa, mainly involved in producing packaging for home care and cosmetic items.