A fast-growing challenger in French recycling
Léko is one of two state-approved, non-profit household packaging EPR organizations in France, which receives (EPR) fees brands pay to fund municipal collection, sorting and recycling. Since its start in 2020, revenue has grown to EUR 42 million in 2025, with nearly 80% annual growth in the past two years.
France generates approximately 4.5 million tonnes of plastic waste each year. In 2024, the French recycling rate for plastic packaging was only 27%, the third lowest in the EU, which averages 42%. France pays approximately EUR 1.6 billion per year to the EU related to its non-recycled plastic packaging waste and is working proactively to transform its plastic recycling sector.
Strategic rationale
The strategic expansion of GreenDot's European recycling platform is expected to create value through three channels:
- Enhanced access to more and higher-quality mechanical recycling feedstock: Léko provides GreenDot's mechanical recycling operations with preferred access to more, higher-quality material, enhancing the platform's EU Packaging and Packaging Waste Regulation (PPWR)-driven growth.
- One-stop-shop for Pan-European EPR compliance: Together, Léko and GreenDot can offer brands a one-stop shop for EPR compliance in Germany and France, access to GreenDot's Authorized Representative service, and access to the AI software solution GreenDot is developing with osapiens.
- Cost savings with German EPR: Léko will leverage GreenDot's existing IT, digital tools and account teams, lowering costs in both France and Germany, particularly as Léko grows.
GreenDot's ambition is to grow Léko toward a 10% share of the French household packaging recycling market, increasing the value of each of the above.
Laurent Auguste, CEO of GreenDot, said: “Léko's presence in the French waste plastic supply chain provides GreenDot a strategic opportunity to expand our access to waste plastic supply and advance our circular plastics offering to pan-European brands and retailers. Our teams have been working together for some time now, and I am excited about building Leko into a central player in the French recycling segment. ”
