Packaging converter Faerch Plast is to acquire Dutch firm 4PET Group, which will make it an integrated plastics packaging supplier with the ability to recycle food trays on an industrial scale.
The Danish company is closing the loop on plastics food trays with the acquisition of the Duiven-based sheet manufacturer. 4PET produces bespoke cradle-to-cradle solutions for PET by recycling PET bottles and trays from the waste stream and selling food-grade finished products.
“For years, Færch has been promoting sustainability, and all of our products are designed for recyclability,” said Faerch Plast Group’s chief executive Lars Gade Hansen.
“With the modern infrastructure in place at 4PET to sort and process disposed plastics trays, we are able to transform used trays into raw material for new food contact products.
“The recycling system offered by 4PET Group enables us to take responsibility for the post-consumer phase of our trays.Danish converter closes loop food trays
With the shift from a linear to a circular economy, plastics food packaging becomes a sustainable packaging choice for the food industry.”
4PET posted turnover of more than €50 million in 2017 and hires 200 staff across four sites. Jean-Loup van de Wiele, joint founder and chief executive of 4PET, said that the company recycles and processes PET of any colour including black.
“For many years, we have offered ‘bottle-to-bottle’ solutions, while witnessing the vast growth of the PET tray market. We are very excited that we are among the first to offer an industrial ‘tray-to-tray’ solution,” he added.Danish converter closes loop food trays
Van de Wiele and fellow company founder Hans Kuipers, who is also chief financial officer, will continue to own a significant portion of the shares and continue to run the company.
The transaction is expected to close during the third quarter. Faerch Plast recently purchased French thermoformer CGL Pack and last month the company unveiled a bold initiative to recycle black plastics into new food grade packaging in conjunction with Viridor, Marks & Spencer, Tesco and Sainsbury’s.Danish converter closes loop food trays
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