PET recycler Poly Recycling sold to Resilux – PET recycler Poly Recycling Resilux - Arhive

The Swiss PET recycler Poly Recycling was sold on 1 October to the Resilux company. Resilux is a manufacturer of PET preforms and bottles and is Switzerland’s largest purchaser of recycling-PET. The packaging manufacturer is taking over Poly Recycling’s operations in Weinfelden with all of its employees as well as all of its current contracts with customers and suppliers. The parties to the deal had entered a confidentiality agreement covering the sales price.

The operational management of the company will remain in the hands of the company’s general manager, Casper van den Dungen. “We have been thinking for some time about the future strategy for Poly Recycling. We considered a variety of options and have now come to an agreement with Resilux, a major customer of many years standing. Through the sale we can turn over the business to a reliable partner, whose core business is PET recycling and who is therefore in a position to exploit the resulting synergies,” said Mr van den Dungen.

Poly Recycling processes around 25,000 tonnes of used PET bottles per year. Resilux, which is headquartered in Belgium, is one of Europe’s leading manufacturers of PET packaging.