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EU Clears $1 3B Recycling Biz Deal With Conditions
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Recycler PreZero enters processing market with Roplast Industries acquisition - Canadian Plastics
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Recycler PreZero buys California bag maker Roplast
PreZero International
German recycling firm PreZero is buying California film and bag maker Roplast. Robots are used for separating PET trays, HDPE packaging and drink cartons at a recycling plant it operates in Belgium.
Recycler PreZero US Inc. is buying California-based film and bag maker Roplast Industries Inc., an acquisition it said will help it supply recycled-content packaging and vertically integrate into product manufacturing.
The March 1 announcement from Los Angeles-based PreZero comes after the company said in 2020 it was spending $100 million to build or upgrade recycling facilities in Jurupa Valley, Calif., and Westminster, S.C.
Mar 02, 2021
Los Angeles - Southern California recycling company PreZero US Inc. is proud to announce that it has completed a transaction to acquire Roplast Industries Inc., a sustainable polyethylene film and bag manufacturer based in Oroville, California.
The Roplast acquisition is the next step in PreZero’s ambitious growth strategy. In 2020, PreZero announced investments totaling over $100 million in plastics recycling facilities on both coasts. These facilities are now operational and can be found in Jurupa Valley, CA and Westminster, SC. These state-of-the-art facilities are processing film and mixed rigid plastic bales into LDPE, PP & HDPE resins. Total planned processing capacity is estimated over 160 million pounds per year. The company entered the US market in 2018 and is an arm of PreZero International which is also a major player in the European recycling and disposal market.
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