With this sell-off the Niedergebra-based plastics recycler seeks to continue its expansion, Michael Scriba, CEO of mtm, explains the acquisition: “Together with our major partner Borealis on our side, we will continue the successful growth of the last years also in the future.“ So far, mtm has established itself on the European market with its two brand-name products Dipolen® and Purpolen®.
“Plastics are simply too valuable to be disposed of in landfills. Plastic recycling provides a circular business opportunity in a growing market within a broader sustainability agenda,” explains Alfred Stern, Borealis Executive Vice President Polyolefins and Innovation & Technology. “There are many areas in which mechanical recycling of post-consumer waste make business and ecological sense. The acquisition of mtm plastics and mtm compact reflects our pro-active and dedicated “keep discovering” approach to provide specific and innovative solutions in tackling core global challenges.”