Corporate | 12 December 2014 07:30
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AURELIUS AG / Key word(s): Acquisition
AURELIUS acquires ECO Plastics Munich/London, 12 December 2014 – AURELIUS (ISIN DE000A0JK2A8), the listed mid-market pan-European investor, today announces its acquisition of ECO Plastics (“the Company”), a reprocessor of recyclable materials. In line with its standard investment approach, AURELIUS will supply both its highly specialised operational improvement capabilities and financial support to the Company’s current operations, with a core focus on the long-term strategic development of the business. The financial terms of the deal are not disclosed. Hemswell-based ECO Plastics operates one of the world’s largest and most sophisticated plastic reprocessing plants, capable of sorting 150,000 tonnes of mixed bottles per year and representing around 35% of the total UK bottle collection in the UK every year. Since 2000, ECO Plastics has played a leading role in the UK’s plastics recycling sector with the development of new recycled plastic (Recycled Polyethylene Terephthalate – rPET) products, which have delivered value to local authorities and the waste management industry through feedstock contracting, and by working in partnership with major companies.
Tristan Nagler, Managing Director of AURELIUS in London said:
ECO Plastics’ Founder and Deputy Chairman Jonathan Short, commented:
ECO Plastics’ CEO, Chris Brown, added:
AURELIUS has a strong track record in the plastics sector. Previous investments in this space include AURELIUS’ acquisition of Wellman International, Europe’s largest recycler of PET bottles and a leading producer of polyester staple fibre products. Ends
ECO Plastics
Edward Gill, FTI Consulting
About AURELIUS – AURELIUS Group is a mid-market pan-European investor focused on value creation through operational improvement. – AURELIUS employs more than 70 professionals and has offices in Munich, London, Stockholm and Madrid, with portfolio companies operating throughout Europe. – AURELIUS has particularly strong capabilities in the Industrials, Chemicals, Business Services, TMT and Consumer sectors and targets Pan-European private and public companies with revenues from £30m to £750m. – Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock exchanges under ISIN DE000A0JK2A8. – www.aureliusinvest.com About ECO Plastics – ECO Plastics is one of Europe’s leading ethical plastic bottle recycler. The business began re-processing post-consumer plastics in 2006 and has over the past five years invested over £17m to quadruple its processing capacity and triple the factory footprint. During early 2009 it became the first UK company to receive food grade accreditation for its rPET resin. – ECO Plastics’ Hemswell plant is one of the world’s largest and most sophisticated plastics recycling facility, capable of processing 150,000 tonnes of mixed plastics a year, including 40,000 tonnes of bottle-grade rPET pellet. – ECO Plastics’ superior cleaning technology allows the company to make the most use of the plastic it sorts, producing 12 different streams of plastic, including food-grade PET. Virtually no waste is left over. Independent research has shown that ECO Plastics’ process is 68% less carbon intensive than using virgin plastics for packaging. – For further information please visit www.ecoplasticsltd.com 12.12.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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