Published On: Thu, Jan 1st, 2015

Aurelius acquires UK’s largest recycled PET supplier

CANTERBURY (Scrap Monster): Eco Plastics- the UK’s largest supplier of recycled Polyethylene terephthalate (PET) has been acquired by German investment firm Aurelius. Post acquisition, Aurelius has now obtained 100% ownership of the Continuum recycling joint venture established with Coca-Cola two years ago. The financial terms of the deal are not disclosed.

Plastics raw materials

Aurelius acquires UK’s largest recycled PET supplier

According to Aurelius, it will work towards long-term sustainable growth of the company and the country’s fast-growing recycling sector. It stated that the deal will take Eco Plastic’s operations to next-level and expressed confidence in future operations through financial support and improvement of operational capabilities to current operations. Meantime, Eco Plastics had posted a pre-tax loss of Euro 6.2 million during 2013.

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.

Aurelius has many years of investment and management experience in various industries and sectors.

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