CMS has advised Alpla on forming a EUR 7.5 million joint venture together with Romania's Ecohelp and Switzerland's United Polymer Trading. Reportedly, Cabinet Costea advised Ecohelp and Furer Partner Advocaten advised UPT.
Alpla is an international company active in plastic packaging solutions.
According to CMS, "the three partner companies are investing equally in the plant, with a combined total of EUR 7.5 million. Importantly, Alpla, Ecohelp, and UPT will all contribute their own special expertise to the joint venture PET Recycling Team Targu Mures and create new jobs at the joint site." Production is scheduled to start as early as the middle of next year.
The CMS team was led by Vienna-based Partner Alexander Rakosi and included Vienna-based Partners Dieter Zandler, Attorney Georg Gutfleisch, and Associate Vanessa Horacek and Bucharest-based Managing Partner Horea Popescu, Senior Counsel Mihai Jiganie-Serban, Counsel Claudia Nagy, and Associates Cosmin Cretu and Cristina Ciomos.