Plastipak Packaging, Inc., a global manufacturer of rigid plastic packaging as well as virgin and recycled plastic resin, has completed the acquisition of the business assets of Evolve Polymers Ltd. Evolve is one of Europe’s leading plastics recyclers, based in Hemswell Cliff, United Kingdom.
Plastipak’s global recycling operations currently recycle billions of bottles per year, and the site being acquired has the capacity to process an additional six to nine billion PET bottles into food-grade and other high quality material. The business will begin operating immediately under Plastipak’s ownership. Contracts with Evolve’s existing key business partners have been secured for continued effect.
“Evolve’s prior owners invested significant resources to build the Hemswell Cliff site starting in 2006, and the business’s performance benefited from continuous improvements,” said Martin Hargreaves, managing director, Plastipak Europe. “This acquisition complements our existing recycling businesses, and amplifies our ability to bring our world-class technologies and know-how to better serve our UK and European-based customers.”
Published in the December 2016 Edition of American Recycler News