Erema Group aquires 60% stake in Plasmac

Comments Email
Photo by Erema Group Manfred Hakl, CEO Erema Group

Looking to expand its range of tailor-made plastic recycling solutions for in-house applications, Austrian recycling machinery maker Erema has taken a majority holding in Plasmac Srl, an Italian recycling machine maker and member company of the Syncro Group. Syncro, which specialises in the production of equipment for the blown film industry, has retained the remaining 40% of shares.

Although previously based in Aylesbury, England, the Syncro Group relocated Plasmac to Busto Arsizio (Italy) in June 2018. Plasmac Srl was established in January 2019, with Gabriele Caccia, CEO of the Syncro Group, named as the new CEO of Plasmac Srl. 

Plasmac has comprehensive expertise in edge trim recycling and with its Alpha direct feed extruder and Omega shredder-extruder system offers solutions for throughputs of up to 250 kg/h. This range is supplemented by the Powerfeed edge trim transport system. 

As Manfred Hackl, CEO of the Erema Group, explained: "These machines and components expand our product range of systems for straightforward standard applications in the in-house segment, which is very important to us." 

Photo by Syncro Group Syncro Group and Plasmac Srl CEO, Gabriele Caccia

The acquisition will open up new markets and allow Erema to offer ‘tailor-made recycling solutions with an attractive price/performance ratio’ to new customer groups, he said. 

Syncro’s Gabriele Caccia is confident of the advantages the structure will yield, commenting that ‘all companies involved will benefit from the partnership with the world market leader in plastics recycling technology’.

Newsletters

Select from the list below to subscribe to customized Plastics News Europe e-mail news alerts. Check the options you wish to receive.