OSLO, Norway Dec 8, 2025 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN: NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") reports GreenDot’s acquisition of 80% of Forplast SpA, a quality Italian compounder of recycled high-density polyethylene and recycled polypropylene products, expanding GreenDot´s capabilities and business footprint. The all-cash transaction included an initial payment in 2023 and a final payment made at closing, fully funded by existing GreenDot cash reserves. Forplast is expected to make an EBITDA contribution in 2026 and reach annual revenues of over 50m euros by 2030.
The transaction strengthens GreenDot's leadership in mechanical recycling of household plastic packaging waste and in compounding quality recyclates back into high-value plastic end products, with a focus on bottle-to-bottle and pipe manufacturing. The integration provides Forplast with access to additional plastic waste feedstock and gives GreenDot access to market-leading technical knowledge that will be leveraged to improve quality and margins at GreenDot´s existing mechanical recycling facilities. The investment further contributes to the European plastic packaging circular economy objectives, to the industry decarbonization challenges, and, in particular, to the 2030 recycled content targets for plastic packaging under the EU Packaging and Packaging Waste Regulation PPWR.
Laurent Auguste, GreenDot CEO, said: “We are delighted to have Forplast join the GreenDot Group. Together, we will increase our offer to converters and brands of true,100% bottle-to-bottle grade circular economy solutions. The expertise developed by Forplast over the years is unique. GreenDot will enable Forplast to meet its full business potential and contribute to broadening its market reach. This integration confirms GreenDot’s ambition to take a leadership position in mechanical recycling of plastic packaging in Europe. It also evidences the attractiveness of the GreenDot team to entrepreneurs in the plastic recycling industry at a time of great transformation of this market.”
ABOUT AGILYX
Agilyx ASA is a leading global investment platform supporting the development of plastic waste feedstock supply to the recycling industry. Through its 44% stake in GreenDot Global, Europe’s largest waste plastic recycling platform, generating over EUR 400 million in annual revenues, Agilyx gains access to large volumes of post-use plastic and advanced sorting and recycling infrastructure in Germany, Austria, and Italy, helping supply critical European-sourced feedstock to the European advanced recycling markets. Through Cyclyx, its (50%) joint venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the collection and processing of post-use plastic waste into custom-formulated, high-quality feedstock solutions for global plastic producers. Agilyx markets Styrenyx, its proprietary advanced recycling technology, to recycle polystyrene waste into recycled styrene monomers for reuse in new, high-quality products. By enabling the shift from a linear “make-take-waste” model to a circular economy, Agilyx helps solve the crisis of plastic waste and supports the global transition to a low-carbon future.
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