Færch Plast Acquires Recycler 4PET Group
Turning Used Trays into Raw Material
With the acquisition of Dutch 4PET Group, Færch Plast, Holstebro, Denmark, is becoming an integrated plastic packaging supplier that achieves a circular economy for recycling food trays on an industrial scale, turning plastic packaging into a resource.
“For years, Færch has been promoting sustainability, and all of our products are designed for recyclability. The acquisition of 4PET Group is an outstanding opportunity for us to close the loop and a leapfrog in terms of sustainability. With the modern infrastructure in place at 4PET to sort and process disposed plastic trays, we are able to transform used trays into raw material for new food contact products”, says Færch Plast Group’s CEO, Lars Gade Hansen.
4PET Group is an European material specialist for PET sheets and food contact quality recycling. With 200 employees across four sites, the company had a turnover of more than Euro 50 million in 2017.
“For many years, we have offered ‘bottle-to-bottle’ solutions, while witnessing the vast growth of the PET tray market. We are very excited that we are among the first to offer an industrial ‘tray-to-tray’ solution. With our bespoke technology, we recycle and process PET of any colour including black packaging“, says Jean-Loup van de Wiele, joint founder and CEO at 4PET Group.
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