Agilyx completes acquisition of 44% stake in GreenDot Global

Core Insights - Agilyx has acquired a 44% stake in GreenDot Global, valuing the company at €197 million ($228.9 million) [1] - The investment of €52 million includes €32 million in newly issued shares and €20 million in cash [1] - GreenDot processes over one million tonnes of packaging waste annually, including 400,000 tonnes of plastic [2] Company Overview - GreenDot is the largest circular plastic recycling platform in Europe and the third-largest recycling company in Germany [3] - The company is expanding its mechanical recycling footprint and has secured a ten-year feedstock supply contract covering 20,000 to 34,000 tonnes per annum [4] - GreenDot is focused on maintaining growth in its profitable core business in Germany's plastic recycling market [3] Strategic Implications - The investment is expected to support facility expansion in Germany, Austria, and Italy, enhancing GreenDot's role in the European circular economy [2] - Agilyx aims to build a leading pan-European plastic recycling platform through this partnership [4] - GreenDot has also agreed to acquire a mechanical recycling facility in Italy specializing in bottle-to-bottle recycling [5]