Plastipak Packaging, Inc., a leading global manufacturer of rigid plastic packaging as well as virgin and recycled plastic resin, is pleased to announce that it has completed the acquisition of the business assets of Evolve Polymers Ltd. 聽Evolve is one of Europe鈥檚 leading plastics recyclers, based in Hemswell Cliff, United Kingdom.
Plastipak鈥檚 global recycling operations currently recycle billions of bottles per year, and the site being acquired has the capacity to process an additional 6-9 billion PET bottles into food-grade and other high quality material. 聽聽The business will begin operating immediately under Plastipak鈥檚 ownership. 聽Contracts with Evolve鈥檚 existing key business partners have been secured for continued effect.
鈥淓volve鈥檚 prior owners invested significant resources to build the Hemswell Cliff site starting in 2006, and the business鈥檚 performance benefited from continuous improvements鈥�, 聽said Martin Hargreaves, Managing Director, Plastipak Europe. 聽鈥淲e currently operate plastic recycling operations in the U.S. through our Clean Tech subsidiary, and in France and Luxembourg for our European customers. 聽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.鈥�
Frank Pollock, President of Plastipak鈥檚 International Operations and Chief Commercial Officer, stated that 鈥淲e are excited to begin collaborating further with the management and associates formerly employed by Evolve to provide more eco-friendly plastic packaging to consumers. 聽We have been a pioneer in the plastic recycling industry, and recycling is one of our core organizational capabilities. 聽PET is already among the most recycled materials in the global regions in which we operate, and increasing the use of rPET in Plastipak鈥檚 products makes plastic an even better choice for consumers, the community, and the environment.鈥�
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