The ALPLA Group has become one of the largest PET recycling companies in Germany following the acquisition of recycling company Texplast from the FROMM Group and all of its shares in the joint venture PET Recycling Team Wolfen. The international company will increase its annual processing volume in Germany to 75,000 tonnes of PET bottles.
With the complete acquisition of Texplast, a company based in Bitterfeld-Wolfen and previously part of the FROMM Group, as well as the joint venture PET Recycling Team Wolfen, the international packaging solutions and recycling specialist is significantly expanding its capacities. With this, ALPLA is investing in the quality and availability of PET recyclate for the German ‘bottle-to-bottle’ cycle.
Following the acquisition of BTB Recycling in October 2021, ALPLA increased its processing volumes in Germany to a total of around 75,000 tonnes of PET input. This includes 55,000 tonnes by Texplast and PET Recycling Team Wolfen and 20,000 tonnes by BTB.
Said Philipp Lehner, CEO, Alpla Group: “Our goal is the cycle from bottle to bottle. We are stepping up our activities worldwide to meet growing demand for post-consumer recyclate. This investment will strengthen our position in the German market and guarantee high quality and availability of the material for our customers.”
The acquisition was officially finalised on 25 February 2022. The parties have agreed not to disclose the purchase price or any further details. The acquisition is subject to the legal and regulatory approval of the competent competition authorities. For more visit alpla.com
