Announced
Completed
Financials
Tags
Acquisition
Plastics
Private
Cross Border
Spain
polypropylenes
Friendly
plastics
Majority
Completed
Single Bidder
Synopsis
TotalEnergies, an energy company, completed the acquisition of Iber Resinas, a manufacturer of plastics. Financial terms were not disclosed. "This acquisition is a further step towards achieving our ambition of increasing the share of circular polymers in our plastics production to 30% by 2030. We are pleased to welcome Iber Resinas' teams and combine their recycling know-how with TotalEnergies' polymers expertise," Nathalie Brunelle, TotalEnergies Senior Vice President.
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