Plastipak Packaging Inc. acquires British PET recycler Evolve Polymers
The Germany-based investment company Aurelius Equity Opportunities SE & Co. KGaA is selling its Evolve Polymers subsidiary based in Hemswell, UK, to Plastipak Packaging, Inc. Evolve Polymers is a recycler of PET bottles.
Operating out of Plymouth, USA, the Plastipak Group is a leading global producer of packaging, manufacturing products out of PET and HDPE in several state-of-the-art facilities in Europe, the United States, South America, and Asia. Plastipak also operates in the virgin and recycled resin segments in Europe and the US. The two parties have agreed not to reveal the financial details of the transaction.
The Aurelius Group intends to concentrate all its activities in the field of plastic recycling at its Regain Polymers subsidiary based in Allerton Bywater, UK, going forward. Regain Polymers specializes in the development and production of structural components made from recycled plastic waste.
