French plastic compounder Benvic Europe has entered the recycling compounding sector with a deal to acquire Ereplast, a French specialist in the recycling of industrial plastic waste.
Through the transaction, details of which were not disclosed, Benvic said it aimed to “lead the development of the European PVC recycling compounding industry.”
Founded in 2004 in Porcieu-Amblagnieu, in the southeastern part of France, Ereplast has a turnover of €1.4m, 95% of which is generated by its PVC recycling activities.
The company’s production site in Porcieu-Amblagnieu currently recycles approximately 2,000 tonnes of PVC per year, mainly in rigid applications.
In a statement 9 Sept, Benvic said the acquisition marked a milestone for the company, as it continues to implement its growth strategy after the recent acquisition of Alfa PVC, a major compounding manufacturer in Poland.
The company also recently invested in biopolymers through the acquisition of Italian bioplastics start-up Plantura.
In addition, the company commissioned a new dedicated compounding line for thermoplastic elastomers (TPE) and biopolymers at its Ferrara site in Italy earlier this year, and acquired Modena-based Mondenplast Medical, a specialist in PVC compounds for medical applications.
“We are delighted to incorporate Ereplast, with whom we have already been working for several years,” said Luc Mertens, chairman and CEO of Benvic.
Benvic, according to Mertens, will now include a range of recycled products into its product offering, strengthening its position as a strategic partner for sustainable solutions.
The acquisition is expected to close by the end of September, subject to conditions precedent.
Established in 1963, Benvic of Chevigny Saint Sauveur, France, has an annual turnover of nearly €225m and supplies materials to a range of industries, including construction, packaging, automotive and medical sectors.