8 NEWS PETplanet Insider Vol. 26 No. 12/25 www.petpla.net CompoSecure announces business combination with Husky Technologies CompoSecure, Inc., a leader in metal payment cards, security, and authentication solutions, announced a business combination with Husky Technologies Limited, a market leading manufacturer of engineered equipment and aftermarket services, in a transaction that will value the combined business at approximately $7.4 billion. Dave Cote, Executive Chairman of CompoSecure, said in the announcement: “We are delighted to announce the business combination with Husky. This is a business Tom [Knott] and I have long admired, and it hits all the key criteria we look for in every investment – it holds a great position in a good industry, significant technology differentiation, organic and inorganic growth possibilities, and margin expansion potential. We are excited to begin working with the Husky team and believe the combined business is uniquely well positioned to deliver for investors.” Louis Samson, Co-President of Platinum Equity, Husky’s current shareholder, added: “We believe this combination will create value and unlock new opportunities for Husky and its stakeholders. We have great respect for David Cote’s leadership, share his conviction in this opportunity and are excited to roll more than $1 billion of equity into the deal. We have partnered with Dave, Tom Knott, and the team at Resolute before and look forward to working with them to create value again.” The announcement noted that Husky will be run as a standalone business alongside CompoSecure and will continue to operate under its current management team. Husky Technologies CEO, Bradley Selleck, said the business combination supports Husky’s long-term strategy and reinforces its commitment to innovation, operational strength and customer partnership, ensuring continuity for employees and customers, while enabling long-term investment. “Husky Technologies will build on the strong foundation we’ve established over our 72-year history,” explained Selleck. “With CompoSecure’s long-term partnership, we will continue to invest in the technologies, systems and capabilities that matter most to our customers and team members. Our focus remains on delivering high performance, reliability, service excellence and innovation.” Selleck underscored there will be no immediate changes to operations or customer experience. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approval. Morgan Stanley & Co. LLC acted as financial advisor to CompoSecure on the transaction and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to CompoSecure. Goldman Sachs acted as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to Husky Technologies. www.husky.co European PET industry encourages adoption of the CEN Design-for-Recycling standards The European PET value chain supports adopting the prEN 18120 series on design-for-recycling and recyclability assessment for plastic packaging, developed by CEN TC261/ SC4/WG10 under a mandate from the European Commission, PETCORE Europe said in a statement. These standards are expected to form the technical basis for the delegated act the Commission must adopt by January 1, 2028 under the Packaging and Packaging Waste Regulation (PPWR – EU 2025/40). According to the statement, these standards are not the final endpoint, but the first harmonised foundation Europe has ever created for: improving recyclability at scale, enhancing material quality, ensuring investment certainty, and enabling the PPWR’s 2030 recyclability and recycledcontent targets. For manufacturers and brands, the standards provide clear and unified design criteria, bridging a long-standing gap in the internal market. For recyclers, they offer predictability, support for high-quality output and a mechanism to guide future investments, says the association. While robust and technically grounded, the standards represent the first version. As innovation accelerates the standards will naturally require refinements and updates. A creation of a permanent PET value chain platform is therefore proposed, led by PETCORE Europe to support and monitor the standard’s deployment; observe their impact on quality, yield, economics; monitor technology evolutions that are relevant to be included in the standards for both design for recycling and recyclability assessment; get feed-back from brand owners, collectors, converters, pre-processors and recyclers and other PET value chain stakeholders; aggregate experience and prepare material for the update and the improvement of the standards within the framework of the CEN. The first formal revision is expected before the end of 2027. www.petcore-europe.org Carbios to launch PET bio-recycling plant in China with Wankai Carbios and Wankai New Materials have agreed on principles to deploy Carbios’ PET enzymatic recycling technology in Asia, following a June 2024 Letter of Intent. The partners plan a long-term collaboration to build and operate several PET bio-recycling plants in the region with a total target capacity of 1 Mt/a. JVs created under the agreement would receive an exclusive licence for Carbios’ technology in Asia. The first JV aims to construct and operate a PET bio-recycling plant in China with a processing capacity of 50,000 t/a, licensed to produce PTA and MEG monomers. Wankai will be the main shareholder and will finance the project, with construction expected to begin in the first quarter of 2026. www.carbios.com
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