Sphere España has acquired the Catalan company Plasticbag. According to the company, the acquisition expands its industrial base and drives forward the Group's European expansion strategy.
Plasticbag employs around 30 people, generates an annual turnover of 10 to 11 million euros and processes around 6,000 tonnes of recycled raw materials. Founded in 2015, the company has fully integrated production - from film extrusion to packaging - and focusses on solutions made purely from recycled materials.
Expansion of capacities for the professional sector
With the integration, Sphere España is strengthening its position in growing professional segments such as catering, cleaning, healthcare and industry. According to the company, the acquisition will enable it to increase its production capacities and expand its access to markets in which demand for recycled materials is increasing significantly.
At the same time, the acquisition contributes to Sphere's group-wide strategy of promoting the circular economy, reducing the use of virgin materials and providing products with a lower environmental footprint. The additional specialist facility expands the portfolio in the professional sector and strengthens the company's European market position.
Source: Sphere
