Cedo Strengthens Circular Economy with Plasta Group Acquisition
Cedo Strengthens Circular Economy with Plasta Group Acquisition
TELFORD, England -- Following its acquisition last summer of Vinatic, a leading flexible plastic recycler, Cedo, a leader in sustainable FMCG private label solutions, proudly announces another significant milestone in its strategic journey. The company has acquired Plasta Group, recognized as one of Europe’s largest polyethylene recyclers and suppliers of sustainable plastic products.
About Plasta Group
Plasta Group, based in Vilnius, Lithuania, operates modern manufacturing plants in Lithuania and Sweden. The company employs over 500 skilled professionals and boasts a remarkable 60-year history in the industry. Annually, it recycles more than 45,000 tons of post-consumer waste plastic, producing over 36,000 tons of refuse sacks and film products. With numerous sustainability certifications, including EcoVadis Silver and various ISO certifications, Plasta is a recognized leader in its field.
Enhancing Cedo's Leadership
This strategic acquisition positions Cedo as the largest integrated circularity platform for flexible plastic films throughout Europe. This enhancement strengthens its leadership in Central and Eastern Europe and Scandinavia. The combined operations now have the capacity to recycle over 200,000 tons of plastic waste annually, allowing for the production of plastic bags and other film-based products with recycled materials. Cedo plans to expand its array of innovative, sustainable solutions to meet the surging demand for circularity in flexible plastics.
Executive Insights on the Acquisition
Thierry Navarre, the CEO of Cedo, expressed his enthusiasm for the partnership, stating, "Plasta Group’s expertise and commitment to sustainability align seamlessly with our vision. This partnership strengthens our capacity to lead the circular economy in our sector, delivering innovative solutions to our customers and promoting a more sustainable future."
Commitment to Quality and Service
Cedo and Plasta Group are committed to ensuring a smooth integration process while maintaining a sharp focus on high-quality production and exceptional customer service. This alignment is critical as the company emphasizes its dedication to sustainability and responsiveness in meeting customer needs.
About Cedo
Cedo is at the forefront of sustainable household essentials production for the FMCG private label sector. With factories and recycling sites across Europe and Asia, the company employs over 2,000 individuals and produces an impressive turnover approaching 500 million euros.
Looking Ahead
As Cedo continues to integrate Plasta Group into its operations, the company is poised for significant growth, tapping into new markets and expanding its product offerings. This acquisition is not just a strategic move, but a reaffirmation of Cedo's commitment to sustainability and eco-friendly practices in a rapidly evolving industry.
Frequently Asked Questions
What is the significance of Cedo's acquisition of Plasta Group?
This acquisition enhances Cedo's position as a leader in sustainable plastic production and recycling, allowing them to expand their circular economy strategy.
How does Plasta Group contribute to sustainability?
Plasta Group is a major recycler, processing over 45,000 tons of post-consumer waste plastic annually and holding multiple sustainability certifications.
What is the expected impact on Cedo's operations?
The acquisition will allow Cedo to recycle over 200,000 tons of plastic waste yearly and expand its product offerings with a focus on sustainability.
Who is the CEO of Cedo and what did he say about the acquisition?
Thierry Navarre is the CEO. He emphasized that the partnership aligns perfectly with Cedo's vision for leading the circular economy.
What does Cedo produce?
Cedo specializes in sustainable household essentials for the FMCG private label sector, with a wide range of products made from recycled materials.
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