UK-based Cedo acquires Vinatic Recycling Company in Vietnam

September 17, 2024 | 17:42

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UK-headquartered Cedo has acquired Vinatic, an innovative Vietnamese recycling operation, to expand its footprint in Vietnam.

UK-based Cedo acquires Vinatic Recycling Company in Vietnam

Although the deal value was not disclosed, it is expected to boost Cedo's overall recycling capacity and create new opportunities for the business.

Cedo is one of Europe’s largest suppliers of private label household consumable products – from refuse sacks and food storage to clingfilm – manufacturing millions of bin bags a year with 100 per cent recycled contents.

Cedo’s CEO Thierry Navarre, said, "This acquisition represents a pivotal milestone in our strategic journey towards becoming one of the largest integrated circularity platforms for flexible plastic films.”

Coupled with additional developments taking place at the Cedo recycling site in the Netherlands, the integration of Vinatic will increase Cedo’s overall recycling capacity to 100kt of output.

"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. This acquisition not only solidifies our position as an industry leader, but also strengthens our commitment to sustainability globally. It will support as well the local authorities goals to improve the infrastructure for collection and processing of flexible plastic waste in Vietnam,” Navarre added.

The addition of Vinatic’s operations will enhance Cedo’s ability to innovate and provide sustainable solutions that meet the growing demands of a circular economy. It will also help to ensure that Cedo's factories receive stable and high quality granulate supplies, as well as being able to offer fit-for-purpose pellets to plastic industry converters across various sectors.

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