Aurelius has acquired UK-based ethical plastic bottle recycler Eco Plastics for an undisclosed amount.
The acquisition will enable Aurelius to supply its highly specialised operational improvement capabilities and financial support to the Eco Plastics' current operations.
Said to one of the world's biggest reprocessing plants, Eco Plastics is capable of sorting close to 150,000t of mixed bottles annually and represents around 35% of UK's total annual bottle collection.
Aurelius managing director Tristan Nagler said: "Aurelius is delighted to have acquired Eco Plastics, which has a strong position in the UK marketplace. For customers, suppliers and partners it will be business as usual, and we are committed to working with the company to deliver long-term, sustainable growth.
"Aurelius has a strong track record in the industrials sector, providing both operational improvement, as well as financial support to businesses. We are extremely excited about the future prospects of this business."
Eco Plastics CEO Chris Brown added: "We are looking forward to working closely with Aurelius as we enter this new chapter of the ECO Plastics story. Their involvement will bring significant operational expertise and financial support that will move the world's largest and most sophisticated plastics reprocessing plant to another level, building on its position at the forefront of the UK's plastics recycling sector."
Eco Plastics began reprocessing post-consumer plastics in 2006 and has invested over £17m over the last five years, which has quadrupled its processing capacity and tripled the factory footprint.
It was also the first UK company to receive food grade accreditation in 2009.
Prior to Eco Plastics, Aurelius has also acquired Wellman International which is supposed to be Europe's largest recycler of PET bottles and a leading producer of polyester staple fibre products.
Image: Eco Platics sorts close to 150,000t of mixed bottles annually. Photo: courtesy of Natara/freedigitalphotos.net.