Mitsubishi Chemical (Tokyo / Japan; www.mitsubishichem-hd.co.jp) is to acquire Swiss engineering plastics recycler Minger (Appenzell; www.minger.ch), which comprises Minger Kunststofftechnik and Minger Plastic, for an undisclosed sum. The transaction is expected to close by the end of March 2020.

The Minger group holds proprietary recycling technologies for engineering thermoplastics such as polyether ether ketone (PEEK), polyvinylidene difluoride (PVDF) as well as polyamide and has 26 employees and net sales of EUR 9.3m. Its business is centred on collecting engineering plastics waste from a network that spans a wide part of Europe. It also manufactures and sells recycled plastic products.

The acquisition, said Mitsubishi, will allow it to establish an integrated business model for engineering thermoplastics, from manufacturing to sales, machining, collection and reuse. The move also aligns with the Japanese company’s efforts to promote a circular economy, which is a key element in its “Kaiteki Vision 30”, a policy with goals for 2030 that forms the framework of Mitsubishi’s next medium-term management plan.