The recycled plastics market offers significant growth potential, which Veolia has specifically targeted in its growth strategy. MultiPet\u2019s and Multiport\u2019s activities are highly complementary with Veolia\u2019s existing business. MultiPet develops and produces high-quality PET flakes for the plastic industry by recycling PET bottles, and Veolia expects to create significant economies of scale by combining the business with its existing PET activities. Multiport is specialized in the field of HDPE\/PP compounding. This highly attractive submarket segment previously was not part of Veolia\u2019s business portfolio, and the acquisition of one of the leading European HDPE\/PP compounders allows a solid market entry and vertical integration into Veolia\u2019s HDPE\/PP value chain, thereby supporting Veolia\u2019s circular economy. The combination of the businesses therefore offers significant synergy potential. In addition, the integration into the Veolia group will help optimise Multiport\u2019s and MultiPets\u2019s input material sourcing and management, which comprises mainly post-consumer plastic waste and PET bottles.<\/p>\n
Veolia acquires 100% of MuliPet and Multiport. The companies will continue to operate under their independent, established and well-known brands in their respective market segments as part of Veolia Group.<\/p>\n
MultiPet and Multiport were founded in 2001 and 1991 respectively and are headquartered in Bernburg near Leipzig, Germany. MultiPet and Multiport operate as one company with two complementary core business activities, i.e. the production of recycled PET flakes (MultiPet) and the production of recycled HDPE\/PP compounds and injection moulding products (Multiport). MultiPet\u2019s end-products include, amongst others, fibres for nonwoven applications, bottles for beverages, detergents and other liquid goods as well as for sheets for packaging and strapping. Multiport\u2019s customers further process the delivered compounds, mainly into pipes and dimpled sheets for applications in the construction industry. The companies have a well-diversified customer base that develops solutions for the packaging, automotive, construction, personal care, railway industries, and others. In Veolia, both companies now have an ideal owner with considerable experience in the recycling market and the financial strength to develop the business further and generate future growth.<\/p>\n
Multiplast AG is a holding company investing in businesses which operate globally in the field of plastic recycling, production of various finished products made of plastic as well as know-how transfer. They supply international markets with innovative products in order to strengthen the competitive situation of their customers.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Deal The recycled plastics market offers significant growth potential, which Veolia has specifically targeted in its growth strategy. MultiPet\u2019s and Multiport\u2019s activities are highly complementary with Veolia\u2019s existing business. MultiPet develops and produces high-quality PET flakes for the plastic industry by recycling PET bottles, and Veolia expects to create significant economies of scale by […]<\/p>\n","protected":false},"author":1,"featured_media":3942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transactions"],"acf":[],"yoast_head":"\n