Sector News

Borealis to acquire German recycling tech leader mtm

June 3, 2016
Chemical Value Chain

World-leading chemical, polyolefin and fertiliser giant Borealis has announced it has struck a deal to acquire German plastics recycling technology champion mtm plastics GmbH and mtm compact GmbH.

Based in Niedergebra, central Germany, mtm is regarded as a technology leader in the recycling of mixed post-consumer plastic waste and as one of Europe’s largest producers of post-consumer polyolefin recyclates.

“Plastics are simply too valuable to be disposed of in landfill,” said Alfred Stern, Borealis Executive Vice-President Polyolefins and Innovation & Technology Plastic, “Recycling provides a circular business opportunity in a growing market within a broader sustainability agenda.

“There are many areas in which mechanical recycling of post-consumer waste make business and ecological sense. The acquisition of mtm plastics and mtm compact reflects our pro-active and dedicated ‘keep discovering’ approach to provide specific and innovative solutions in tackling core global challenges.”

The transaction is subject to regulatory approvals and is the latest in a string of high-profile takeovers by Borealis in recent years, including its purchasing of Specialty Polymers Antwerp in 2014 and its 77 per cent takeover of Rosier in 2013.

By Rose Brooke

Source: EPPM

comments closed

Related News

March 19, 2023

EU clears Agrofert’s acquisition of Borealis nitrogen business

Chemical Value Chain

The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns. Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.

March 19, 2023

LyondellBasell acquires European plastics recycler Mepol

Chemical Value Chain

LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.

March 19, 2023

Univar Solutions to be acquired by Apollo Funds for $8.1 Billion

Chemical Value Chain

Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.

How can we help you?

We're easy to reach