Acquisition

EREMA Group acquires 60 percent stake in PLASMAC

| Business function | EREMA | Ansfelden | Austria

Leading manufacturer of recycling machines expands its in-house product range following company participation.

On 1 January 2019, the Austrian EREMA Group acquired 60 percent of the recycling machine manufacturer PLASMAC Srl to further expand its range of tailor-made plastic recycling solutions for in-house applications. The remaining 40 percent of the recycling machine manufacturer is owned by SYNCRO Group, a manufacturer in Italy that makes equipment for the blown film industry.

PLASMAC has been active worldwide as a manufacturer of recycling plants since 1994 and was previously based in Aylesbury, England. In June 2018 the SYNCRO Group relocated the business to Busto Arsizio (Italy) and in January 2019 Plasmac Srl was newly established. The CEO of PLASMAC Srl is Gabriele Caccia, who is also CEO of the SYNCRO Group.

Tailor-made products, new customer groups

With technological developments such as the INTAREMA® system and the founding of the subsidiary PURE LOOP, which specializes in shredder-extruder technology for the recycling of clean production waste, the EREMA Group has already successfully strengthened and expanded its presence in the in-house segment in recent years.

For Manfred Hackl, CEO of the EREMA Group, the acquisition of a stake in PLASMAC is a further step towards maintaining EREMA's leading market position: "It enables us to offer in-house customers tailor-made recycling solutions with an attractive price/performance ratio so that our group of companies can reach new customer groups and markets," he explains. Gabriele Caccia is also looking forward to working together as part of the EREMA Group. He is sure that "All companies involved will benefit from the partnership with the world market leader in plastics recycling technology".

www.erema-group.com





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