Veolia acquires AKG Kunststof Groep from Wadinko
VROOMSHOOP, September 3, 2015 – Veolia has signed and closed the acquisition of Dutch company AKG Kunststof Groep, a European market leader in the field of recycling and compounding of polypropylene. With this acquisition, Veolia boosts its development in the field of circular economy and confirms its goal to become a reference producer of recycled raw materials.
Emendo Capital acted as exclusive financial adviser to Veolia.
About AKG (now Veolia Polymers)
AKG Kunststof Groep is a specialist and custom manufacturer of a broad assortment of high-quality polypropylene (PP) granulates which are sold to manufacturers of plastic products, often substituting virgin plastics. Raw materials are either pre-processed plastic flakes with a high PP content, mainly sourced from commercial, industrial or household waste or PP production scraps, sourced from manufacturers of PP products. Post-consumer fraction of the PP (i.e. household recyclables) used by AKG has recently grown up to 90% of the sourcing. Customer applications of AKG products notably include horticultural, infrastructure, electronic appliances, automotive and packaging products. Operating out of Vroomshoop in the Netherlands, AKG currently employs 53 people, has sold 37,000 tons of recycled material and has posted revenues of € 34 million in 2014.
For additional information on AKG, visit akg.nl.
Veolia group is the global leader in optimised resource management. With over 179,000 employees worldwide, the Group designs and provides water, waste and energy management solutions, which contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. In 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced nearly 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement is listed on Paris Euronext: VIE.
For additional information on Veolia, visit veolia.com.
Wadinko N.V wants to be the preferred financial partner for entrepreneurs of small and medium size companies in the province of Overijssel in the Netherlands. Wadinko takes long-term equity stakes and commits for a long period to support the growth of companies it invests in and uses its knowledge and local networks to stimulate innovation and cooperation between companies. The companies in which Wadinko participates focus primarily on the manufacturing industry. Currently Wadinko participates in 25 businesses in which a total of some 2,700 people are employed.
For additional information on Wadinko, visit wadinko.nl.