Aurelius, a listed pan-European investor, has acquired ECO Plastics, a plastics recycling company based in the UK. The financial terms of the deal was not disclosed.
“Aurelius is delighted to have acquired ECO Plastics which has a strong position in the UK marketplace. For customers, suppliers and partners it will be business as usual, and we are committed to working with the Company to deliver long term, sustainable growth,” said Tristan Nagler, Managing Director of Aurelius.
ECO Plastics is capable of sorting 150,000 tons of mixed bottles per year and representing around 35% of the total UK bottle collection in the country every year. It is known for the development of its recycled polyethylene terephthalate (rPET).
“This news is not just a vote of confidence in the future of ECO Plastics, but a vote of confidence in the promising future of the UK’s fast growing recycling sector. Working with Aurelius will take the ECO Plastics story to the next level,” commented ECO Plastics’ Founder and Deputy Chairman Jonathan Short.
“Their involvement will bring significant operational expertise and financial support that will move the world’s largest and most sophisticated plastics reprocessing plant to another level, building on its position at the forefront of the UK’s plastics recycling sector,” added Chris Brown, ECO Plastics’CEO.