The company specializes in the mechanical recycling of post-consumer and post-industrial plastics and in the production of granules and ground materials

Acquisition operations continue on the European market by large industrial groups active in the plastics sector, which are pushing to acquire recyclers and producers of circular resins in order to increase their offer of green products on the market.

Iber Resinas is a company based in Valencia (Spain) that deals with the recycling of polypropylene, polyethylene and polystyrene, deriving from separate collection or industrial production waste. transforming them into ground or granules for the production of new plastic products.

The company has a consolidated market in the sale of recycled polymers affecting the automotive, construction and packaging sectors.

The buyer who closed the operation is the multinational TotalEnergies , which continues its business diversification not only in the renewable energy sector but also in the recycled plastics sector.

The purpose of this acquisition for TotalEnergies is to increase its production of circular polymers in Europe , expanding its range of recycled products and improving its access to raw materials, through Iber Resinas' supplier network.

On the other hand, Iber Resinas will exploit synergies with TotalEnergies to develop quality products and will benefit from the company's ability to accelerate its growth.

“This acquisition is a further step towards achieving our ambition to increase the share of circular polymers in our plastic production to 30% by 2030,” said Nathalie Brunelle, Senior Vice President Polymers, Refining & Chemicals, at TotalEnergie s . “We are pleased to welcome the Iber Resinas teams and combine their recycling know-how with TotalEnergies' polymer expertise.”

“Becoming part of TotalEnergies is a great satisfaction, but also an opportunity to strengthen and develop Iber Resinas. It will allow us to build together our work, our knowledge and development in Spain and the EU, in the polymer recycling sector, and to face the new challenges and demands of our customers, "said Santiago Sanz and Borja Sanz , owners and CEOs of Iber Resinas.

Info: TotalEnergy