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CMS Advises Alpla on Investment in Sweden

CMS Advises Alpla on Investment in Sweden

Austria
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CMS has advised Austria's Alpla on its investment in Swedish start-up Blue Ocean Closures in a joint venture with the Glatfelter Corporation. Setterwalls reportedly advised Alpla on Swedish law-related issues. DLA Piper reportedly advised Glatfelter in Sweden.

Alpla specializes in plastic packaging solutions, producing packaging systems, bottles, caps, and injection-molded parts for a range of industries. Blue Ocean Closures develops cellulose-based biodegradable products, such as screw caps.

"We are investing continuously in the research and use of alternative, bio-based packaging materials to complement our product portfolio," Alpla’s Director of Corporate Research, Development, and Innovation Christian Zmolnig commented. "Now we are looking forward to bringing our expertise into the new cooperation with Glatfelter and BOC."

"We are pleased about the partnership with leading companies from the industry. In addition to a common vision for a sustainable future, they also bring enormous competencies in the field of production technology and materials science into our company," Blue Ocean Closures Chief Executive Officer Lars Sandberg added.

CMS previously advised Alpla on a range of deals, including the acquisition of Wolf Plastics (as reported by CEE Legal Matters on October 27, 2021), a joint venture with Ecohelp and UPT (as reported by CEE Legal Matters on October 14, 2021), the acquisition of recycling companies in Spain (as reported by CEE Legal Matters on November 22, 2019), and a joint venture for recycled plastics in Thailand (as reported by CEE Legal Matters on October 1, 2019).

The CMS team included Partners Alexander Rakosi and Dieter Zandler and Lawyer Georg Gutfleisch.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.