Packaging Færch Plast acquires leading recycler 4PET Group
“For years, Færch has been promoting sustainability, and all of our products are designed for recyclability. The acquisition of 4PET Group is an outstanding opportunity for us to close the loop and a leapfrog in terms of sustainability. With the modern infrastructure in place at 4PET to sort and process disposed plastic trays, we are able to transform used trays into raw material for new food contact products”, says Færch Plast Group’s CEO, Lars Gade Hansen.
“The recycling system offered by 4PET Group is an innovative, industrial-scale break-through in ourtransition towards a sustainable circular economy. It enables us to take responsibility for the post consumer phase of our trays”, adds Lars Gade Hansen.
4PET Group is a leading European material specialist for PET sheets and food contact quality recycling. With 200 employees across four sites, the company had a turnover of more than € 50 mill. in 2017 and continues to grow rapidly. 4PET Group is looking forward to continuing to serve its existing as well as new customers under the stewardship of its new owners.
“For many years, we have offered ‘bottle-to-bottle’ solutions, while witnessing the vast growth of the PET tray market. We are very excited that we are among the first to offer an industrial ‘tray-to-tray’ solution. With our bespoke technology, we recycle and process PET of any colour including black packaging“, says Jean-Loup van de Wiele, joint founder and CEO at 4PET Group.
The transaction is expected to close during the third quarter of 2018, subject to customary closing conditions and regulatory approvals.