London-based Greenback Recycling Technologies Ltd. has acquired fellow United Kingdom-based plastics recycling technology provider Enval Ltd.
Two companies have merged their operations, "creating an industry leader in next-generation recycling of plastics,” Greenback says. The acquisition takes place following the inauguration of Greenback’s recycling plant in Cuautla, México, that uses the Enval technology.
The combined company will be headed by Greenback CEO Philippe von Stauffenberg.