Borealis, a leading provider of advanced and circular polyolefin solutions and a European leader in base chemicals, fertilizers and the mechanical recycling of plastics, has signed an agreement to acquire Rialti S.p.A., an Italian polypropylene compounder and recycler. Closing of this transaction is subject to customary regulatory approvals.
Based in the area of Varese, Italy, Rialti is one of the European market leaders specialized in production of sustainable polypropylene (PP) compounds with a focus on mechanically recycled PP feedstock from post-industrial and post-consumer waste. With over 30 years of experience, Rialti utilizes its annual capacity of 50,000 tonnes to make injection molding and extrusion PP compounds with applications in different industries, including automotive, appliances and construction.