Plastic Omnium (Levallois / France; https://plasticomnium.com/en) and Derichebourg (Paris / France; www.derichebourg.com) are divesting their joint venture, Plastic Recycling (Saint-Eusèbe / France; www.plasticrecycling.fr), for an as yet unknown amount. The buyer is recycling group Veolia (Paris / France; www.veolia.com), which acquired German films recycler Just Kunststoff in autumn 2017. This follows a succession of waste management companies’ forward integration strategies, such as Veolia’s German competitors DSD and Remondis.

Plastic Recycling was founded in 2002 and is based halfway between Dijon and Lyon. The company is equally owned by Derichebourg and Plastic Omnium. It produces polyolefin recyclate from industrial and post-consumer waste. Its production is approximately 10,000 t/y of recyclate, mainly PP and HDPE materials used in the automotive industry and to produce waste collection containers. Plastic Recycling has 25 employees and generates turnover of EUR 9m.

The Derichebourg group, worth about EUR 2.7 bn, aims to focus more on its core segments of waste collection and on the recycling of scrap steel and non-ferrous metals. Plastic Omnium, in turn, is currently divesting segments that are not relevant to the automotive sector. In September 2017, for example, it announced the sale of its Waste Management and Environment division (see Plasteurope.com of 26.09.2017).