The German recycler and converter Purus Plastics was fully acquired by Bremen-based Dettmer Group in July. The two parties agreed not to disclose the purchase price.
Former shareholder Thomas Manzei commented, "We are very happy to have found a solution with a medium-sized company,” adding that the two firms have a similar corporate culture and "good chemistry”.
Purus recycles mainly polyolefins from the packaging waste stream, including PP, HDPE and LDPE. The company plans to significant extend its recycling capacities....