Ecoplast Kunststoffrecycling GmbH (“Ecoplast”), Wildon, is Austria’s leading plastics recycler for polyethylene (“PE”). Ecoplast was acquired by the Austrian Borealis Group AG, Vienna, a global provider of solutions in the fields of polyolefins, base chemicals and fertilizers. Network Corporate Finance exclusively advised the shareholders of Ecoplast in connection with this transaction.
|Description:||Sales to strategic investor|
With the acquisition of Ecoplast, Borealis expands its mechanical recycling capabilities complementing its existing portfolio around mtm plastics (“MTM”) as provider of circular economy plastic solutions. Ecoplast will continue to operate under its own brand. To participate in the strong circular economy upswing, the PE recycler invests an additional ten million Euros in high-quality washing and extrusion lines as well as an automated sorting system to increase production capacity by some 60 percent. The shareholders of Ecoplast sold 100% of the shares to Borealis.
In 2016, Network also advised the shareholders of MTM on the sale to Borealis.
For 25 years, Ecoplast transforms highly contaminated post-consumer plastic waste into high-quality LDPE and HDPE recyclates. Those are primarily but not exclusively provided to the plastic film market and are suitable for thin film production. Based in Wildon, the company recycles annually around 35,000 tons of household and commercial waste.
For additional information on Ecoplast: www.ecoplast.com