We supply high-quality recycled plastics
mardi 18 octobre 2022

Aloxe invests 50 million euros to become the independent European leader in Recycled PET

Press release for K Trade Fair

Aloxe invests 50 million euros to become the independent European leader in Recycled PET

At this K Trade Fair 2022, Aloxe announces €50 million investments in PET recycling in the 3 countries where it is already established (France, Poland, Italy). With 120 000 tons of capacity in Europe, Aloxe becomes the independent European leader in recycled PET.

50 million euros investment in 3 countries

Opening of a new plant in France in April 2023 with a capacity of 35 000 tons and an additional capacity of 20 000 tons already planned.

Development of its capacity in Poland with an additional 40 000 tons of extrusion capacity starting spring 2024.

Ramp-up of its Italian plant.

After the acquisition of Loreco Plast Recyclage (France) in 2021 and Elcen (Poland) in August 2022, Aloxe has just completed a third acquisition in Italy.

 

A premium plastic supplier able to serve global and consolidated fast-moving consumer goods (FMCG's) and plastic converters

In a market driven by European regulation (25% recycled content in beverage bottle in 2025, 30% in 2030) the needs of the beverage industry are tremendous. And such industries as food, cosmetics, pharmaceutical or home and personal care are also committing on recycled content.

A sizeable challenge that Aloxe is now able to meet, with production sites in France, Poland and Italy, head-on to respond to this growing demand.

« We aim to partner with leading FMCG’s and plastic packaging manufacturing companies to supply them with high-quality recycled PET; we will continue to work to support them achieve their ambitious sustainable packaging goals » said Arnaud Piroëlle, Aloxe’s Executive Director.

A Pan-European expert that secures high-quality and large volume

In a controversial context on plastic & packaging, Aloxe is helping to make plastics a solution for a sustainable future.

The company draws on more than 20 years’ worth of expertise in recycling and produces food-grade recycled PET.

Aloxe recognizes the importance of their quality and keeping it consistent, as well as the ability to supply large quantities for pan-European customers.

About ALOXE

Aloxe is the independent leader of recycled polyethylene terephthalate (rPET) in Europe.

Aloxe supplies high-quality resins and large volumes for sustainable packaging markets such as food & beverages, cosmetics, and pharmaceuticals.

Aloxe has built up over 20 years’ worth of expertise in recycling; Aloxe will operate 120 000 tons of capacity in France, Italy, and Poland in 2024.

In a controversial context on plastic and packaging, Aloxe is helping to make plastics a solution for a sustainable future. Aloxe has been supported since its creation by the private equity firm Ara Partners.

Contact : Fabienne Rochereau, Fabienne.rochereau@aloxe.one

About ARA PARTNERS

Ara Partners is a private equity firm specializing in industrial decarbonization investments.

Ara Partners invests in the industrial & manufacturing, chemicals & materials, energy efficiency & green fuels and food & agriculture sectors, seeking to build businesses that provide significant decarbonization impact. 

It operates from offices in Boston, Massachusetts, Houston, Texas and Dublin, Ireland. Ara Partners closed its second fund with approximately $1.1 billion in capital commitments in September 2021.

For more information on Ara Partners, please visit www.arapartners.com