Cedo, a supplier of private brand refuse sacks, bin liners, food wrap, food and freezer bags that at the same time operates one of Europe’s largest plastic film recycling centres, has announced the acquisition of Vinatic, a Vietnamese recycling operation. Active in Vietnam since 2010, the move will further boost the company’s overall recycling capacity and open up new opportunities for the business.
The acquisition represents ‘a pivotal milestone in our strategic journey towards becoming one of the largest integrated circularity platforms for flexible plastic films’, said Cedo’s CEO, Thierry Navarre.
Coupled with additional developments taking place at the Cedo recycling site in Geleen, the Netherlands, where the company is hoping to have completed the construction of a new factory in 2025, the integration of Vinatic will increase Cedo’s overall recycling capacity to 100kt output.
According to Navarre, Vinatic’s expertise and infrastructure in plastic recycling are an ‘invaluable asset that will significantly enhance our ability to give plastic waste a second life’, thus contributing to a more circular economy for plastic.
Moreover, by increasing its recycling capacity, Cedo is looking ahead, taking steps both to safeguard its supply of stable and high quality granulate, and to ensure it will continue to be able to offer fit-for-purpose pellets to plastic industry converters across various sectors.
“This acquisition not only solidifies our position as an industry leader, but also strengthens our commitment to sustainability globally,” Navarre said.