TAGS: Green and Bioplastics
Arkema plans to acquire Agiplast, a company specialized in the regeneration of high-performance polymers and its historical partner in recycling operations. The company, with annual sales of around €15 million, operates a plant in Italy and has 32 employees. Agiplast’s strong know-how in mechanical recycling technologies will enable Arkema to offer high quality recycled polymers to its customers.
Material Circularity with Planned Acquisition
With the planned acquisition of Agiplast, Arkema will be able to offer a full service to customers in terms of materials circularity, addressing growing market expectations in this field. This project, which contributes to the sustainable development of the polymer industry, is perfectly in line with Arkema’s sustainable growth strategy.
With this acquisition, Arkema will be the first fully integrated high performance polymer manufacturer offering both bio-based and recycled materials to address the challenges of resource scarcity and end-of-life products. This bolt-on acquisition is thus in line with Arkema’s CSR and sustainable growth strategy, and in particular the transition to a circular economy.
Arkema had already launched Virtucycle®, an ambitious program with Agiplast aimed at developing loops for the collection and regeneration of high-performance polymers while minimizing CO
2 emissions.
The deal is expected to close in June 2021.
Source: Arkema