REPEATS
Dutch recycler acquires local rival / Expansion to continue
A pan-European network for recycling LDPE is the company’s goal (Photo: PantherMedia/kanvag)
In its drive to create a Europe-wide network for LDPE reclamation, Repeats (Amsterdam; www.repeats-group.com) said it has invested an unspecified sum in compatriot Daly Plastics (Apeldoorn; www.dalyplastics.nl), which produces recycled LDPE.

In a statement, the recycler said the deal was “an important step in building a pan-European plastics recycling platform. Under Repeats’ leadership, Daly plans to nearly double its production capacity to meet the growing demand for recycled LDPE in Europe.”

The target firm processes 70,000 t/y of material, according to its website. Repeats’ investment in the group follows spending on a stake in Spanish reclaim firm Anviplas (Navarcles; www.anviplas.es) and plans to boost production at the company (see Plasteurope.com of 21.02.2022).

Daly’s top manager Peter Daalder, who has worked at the company since its creation in 1985, is to continue to lead the Dutch operations and its expansion plans.

Repeats CEO Greg Rung said the latest deal created a “significant opportunity for Daly Plastics to continue to penetrate the Dutch and German markets while being able to serve more international clients thanks to higher-quality plastic flakes produced with the latest technology”.

Repeats is backed by US-based Ara Partners (Houston, Texas; www.arapartners.com), which has assets worth USD 1.5 bn (EUR 1.4 bn) and invests in the industrial and manufacturing, chemicals, energy efficiency, green fuels, food, and agriculture sectors. The Dutch firm operates and invests in rPE operations across Europe and says its core mission is to help European governments meet their polyethylene recycling goals.
03.06.2022 Plasteurope.com [250411-0]
Published on 03.06.2022
Repeats: Mehrheit an PE-Recycler Daly Plastics erworbenGerman version of this article...

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