Following its acquisition over the summer of Vinatic, one of the leading flexible plastic recyclers in Vietnam, Cedo continues to pursue its strategic goal of leading the circular economy in the plastics recycling sector. On 17 Dec., it announced the acquisition of Plasta Group, one of Europe’s largest polyethylene recyclers, producers, and suppliers of sustainable plastic products.
Plasta Group, headquartered in Vilnius, Lithuania, operates modern manufacturing plants in Lithuania and Sweden, employs more than 500 skilled professionals, and has an impressive 60-year industry legacy. Annually recycling over 45,000 tons of post-consumer waste plastic and producing over 36,000 tons of refuse sacks and film products, Plasta is a recognised leader in sustainability, holding a range of certifications such as EcoVadis Silver, ISO 9001, 14001 & 45001, Blue Angel, RAL, and RecyClass.
This acquisition positions Cedo as the largest integrated circularity platform for flexible plastic films servicing Europe, enhancing its leadership in Central and Eastern Europe (CEE) and Scandinavia. It also brings the company closer to its goal of becoming the private label provider of choice for consumer household product solutions for waste disposal, food preparation, and storage by leading the way in closing the loop on flexible packaging waste.
With this acquisition, Cedo becomes the largest integrated circularity platform for flexible plastic films servicing Europe, enhancing its leadership in Central and Eastern Europe (CEE) and Scandinavia. The combined organisation has an annual capacity to recycle more than 200,000 tons of plastic waste, which is used to produce plastic bags made with recycled content and other film-based products. Going forward, Cedo will be able to offer an expanded range of innovative, sustainable solutions to meet the growing demand for circularity in flexible plastics.
“Plasta Group’s expertise and shared commitment to sustainability align perfectly with our vision. This partnership strengthens our ability to lead the circular economy in our sector, delivering innovative solutions to our customers and driving a more sustainable future,” said Thierry Navarre, CEO of Cedo.
Cedo and Plasta Group will collaborate to ensure a seamless integration while maintaining their focus on exceptional quality and customer service.