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IVL expands European presence, acquires recycler Sorepla

IVL expands European presence, acquires recycler Sorepla

TUESDAY, July 31, 2018

SET-listed Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced on Tuesday it had entered into an agreement to acquire Sorepla Industrie SA, a plastics recycling facility in France.

Sorepla is one of the largest recyclers in Europe, operating three production lines at this facility that handle up to 52,000 tonnes of recycled polyethylene terephthalate (rPET), recycled high-density polyethylene and food-grade pellets per year.
This acquisition is in line with IVL’s objective of long-term sustainability, it said. 
Acquiring Sorepla will further solidify its position as a leader in recycling in Europe and open up new opportunities to serve increasing demand for food-grade rPET.
While IVL has a significant recycling presence in France through its subsidiary Wellman France Recyclage in Verdun, Sorepla gives the company additional capabilities to deliver rPET to meet increasing demand among major brand owners for more sustainable packaging.