Recycling company Agilyx ASA joins Der Grüne Punkt and acquires 44 per cent of Green Dot Global. The Norwegian company wants to strengthen its presence in Europe and expand its position in the field of chemical recycling.
With this investment, the technology company Agilyx, which is active in chemical recycling, intends to expand its Significantly strengthen presence on the European market and create a global platform for the procurement and supply of raw materials for the recycling industry.
GreenDot is the leading platform for recycling-orientated plastics recycling in Europe and the third-largest recycling company in Germany. With licences in 29 countries, it is the best-known recycling brand in Europe. GreenDot processes more than one million tonnes of packaging waste every year, including over 400,000 tonnes of plastic. By investing in sorting plants in Austria and Italy, the company is further expanding its capacities for the supply of recycled raw materials. GreenDot is expected to generate total revenue of around 400 million euros and double-digit EBITDA in 2025.
„We are excited to expand Agilyx's reach into Europe as we build a global platform for the supply of raw materials to the plastics recycling industry. GreenDot is the recognised industry leader in Europe, has tremendous momentum in the rapidly evolving advanced recycling market and is an excellent complement to Agilyx's existing operations.“
Ranjeet Bhatia, CEO of Agilyx
According to GreenDot, this new strategic move comes at a time when the players in the plastic packaging value chain need reassurance, how the binding targets for recycled content set out in the EU packaging regulation (PPWR) can be achieved. It confirms the confidence in chemical recycling technologies and expertise in raw material processing that is currently being used in several European countries to provide high-quality recyclates for contact-sensitive packaging. GreenDot processes more than 400,000 tonnes of plastic waste available for recycling and the circular economy in Europe.
„We warmly welcome Agilyx as a new shareholder of GreenDot. Agilyx's investment and the business synergies we will develop between two market leaders will strengthen our position as a preferred partner for brands and players in the plastic packaging industry. The new capital injection will support the expansion of our facilities in Germany, Austria and Italy. It is further proof of Green Dot's commitment to continue investing in the development of the circular economy for plastics in Europe.“
Laurent Auguste, CEO of Green Dot
Source: GreenDot/Agilyx
