Arkema plans to acquire Agiplast, a company specializing 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, according to the company. In October 2019, Arkema launched Virtucycle, an ambitious program with Agiplast aimed at developing loops for the collection and regeneration of high performance polymers while minimizing CO2 emissions.
With this acquisition, Arkema says it 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 reportedly in line with Arkema’s CSR and sustainable growth strategy, and in particular the transition to a circular economy.
The deal is expected to close in June 2021.
For more information, visit: www.arkema.com