Færch Plast has acquired 4PET Group, enhancing its sustainability efforts in the plastic packaging industry by integrating advanced recycling capabilities.
Target Information
The target of this acquisition is 4PET Group, a prominent recycler based in the Netherlands, specializing in the production of food-grade PET sheets and innovative recycling capabilities. With a workforce of around 200 employees spread across four operational sites, 4PET Group has established itself as a leader in the European market for PET recycling, reporting over EUR 50 million in revenue for the year 2017. This acquisition will enable Færch Plast to enhance its sustainability efforts and further its position in the circular economy.
4PET Group’s unique approach to recycling allows for the transformation of used plastic products into high-quality raw materials suitable for new production. As a result, the company plays a pivotal role in promoting eco-friendly practices within the packaging industry, thus aligning with the increasing demand for sustainable solutions among consumers and industries alike.
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Industry Overview
The recycling industry in the Netherlands is characterized by a robust regulatory framework aimed at promoting sustainability and reducing waste. The Dutch government has implemented various initiatives to encourage recycling a
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Disclosed details
Revenue: $54M