US-based plastic and synthetic rubber manufacturer Trinseo has agreed to purchase Dutch plastic waste collection and recycling company Heathland.
Heathland collects and pre-treats a range of plastic wastes, in particular post-consumer recycled (PCR), end of life (EoL) and post-industrial polymethyl methacrylate, polycarbonate, acrylonitrile butadiene styrene and polystyrene.
The company uses mechanical and chemical recycling processes to convert plastic waste into high-quality recycled raw materials.
Trinseo senior vice-president and chief sustainability officer Francesca Reverberi said: “We are thrilled to enter into a definitive agreement with Heathland and look forward to growing together as we learn from their significant recycling expertise.
“In order to be successful as a sustainable solutions provider, it is essential that we have access to comprehensive recycling technologies and can secure plastic wastes as feedstock.
“This agreement is an extension of our commitment to investing in the movement toward a circular economy.”
The acquisition is intended to help Trinseo meet its goal of becoming a speciality material and sustainable solution provider.
It is also in line with the company’s 2030 Sustainability Goals, through which it aims to combat climate change and make its product portfolio more sustainable.
The financial terms of the transaction have not been disclosed.
Heathland co-founder and co-managing director Simon van der Heijden said: “As a company dedicated to value creation through recycling, we share the same values as Trinseo and our business and product portfolios are complementary.
“There is a common goal to recycle in ways that bring most value out of waste feedstock, avoiding downcycling, and to produce circular raw materials of the highest grade, thereby facilitating the use of recycled raw material as a seamless alternative to virgin plastics.”
Last September, Trinseo and German packaging manufacturer Fernholz developed a new grade of PCR polystyrene designed for the dairy industry.