The ALPLA Group has strengthened its PET recycling capacity in Germany with the acquisition of Texplast, as well as all shares of the joint venture PET Recycling Team Wolfen.
With these acquisitions, the group will increase its annual processing volume in Germany to 75,000 tonnes of PET bottles, it said in a statement.
Last October, the group took over BTB Recycling and its latest acquisitions strengthen its presence in the “bottle to bottle” production cycle.
“We are stepping up our activities worldwide to meet the growing demand for post-consumer waste,” said Philipp Lehner, CEO of ALPLA. “This investment will strengthen our position in the German market and ensure high quality and availability of material for our customers.”
Texplast, founded in 1992 and formerly owned by FROMM Group, produces PET granules and flakes from used PET bottles, which are mainly used for new PET bottle preforms.
“The long-term and successful collaboration with the FROMM Group was the ideal basis for this development”, commented Georg Lässer, Head of Recycling at ALPLA. “The acquisition has allowed us to increase our capacity quickly and efficiently. And it will also help us to secure production on both sides in the future.”
Elsewhere, PET Recycling Team Wolfen specializes in recycling PET bottles from household trash for recyclable household waste in Germany, aka the “yellow bag”.
Finalize the acquisition
The acquisition was officially completed on February 25, with the parties agreeing not to disclose the purchase price or any additional details. The acquisition is subject to the legal and regulatory approval of the competent authorities.
At the beginning of 2021, the ALPLA group announced that it would invest an average of 50 million euros per year until 2025 in the continuous expansion of its recycling activities.
In February, the group announced an 8.4% increase in its turnover for its 2021 financial year.
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