As a follow up of the announcements made in July this summer, the GreenDot group confirms a strategic restructuring of its holdings, accompanied by targeted capital injections to support further growth.
These measures reflect the company’s strong commitment to advancing the dynamic development of the circular economy in Europe and open up new opportunities within a rapidly evolving market landscape.
With the recently announced partnership between Agilyx ASA and GreenDot to develop recycling of plastic packaging waste, GreenDot is sending a clear signal of innovation and strategic foresight.
“Our balanced positioning along the entire value chain gives us a diversified portfolio that enables us to invest strategically in the most promising segments of the sector even in difficult times,” explains Laurent Auguste, CEO of GreenDot. “We firmly believe that the circular economy for plastics is a key pillar for Europe’s strategic independence and we keep on growing the production capacities and assembling in a smart way key components of the value chain to contribute to make it a reality at scale.”
Ranjeet Bhatia, CEO of Agilyx ASA, adds: “We are pleased to reach completion on the GreenDot investment. We have a tremendous opportunity to rapidly build the leading pan-European plastic recycling platform and are very much looking forward to working with our new GreenDot colleagues and shareholders to achieve our goals.”
The capital injection is intended to reinforce existing partnerships and develop further new business models. The goal is to significantly reduce CO₂ emissions and offer brand owners genuine circular solutions that help them:
- Achieve their ESG targets
- Benefit from eco-modulation and bonus schemes for using recycled plastics
Differentiate their products - Ensure that they will be able to comply with upcoming EU regulations
GreenDot keeps on strengthening its positioning as a unique reliable partner in the value chain. Through products excellence and strategic positioning, the company actively shapes the transformation toward a sustainable plastics economy in Europe.
Source: Greendot group
