Sibelco to acquire Strategic Materials.

Sibelco, a provider of material solutions, agreed to acquire Strategic Materials, a glass recycler and producer of glass cullet in North America. Financial terms were not disclosed. “We are excited that our offer to acquire SMI has been accepted. This transaction, once completed, will significantly strengthen and expand our operating footprint in North America with a resilient, key mineral platform at scale. The inclusion of a major glass recycler in North America into the Sibelco group will be an important step in the development of our activities in this segment outside of Europe, positioning Sibelco as a glass recycling leader in both Europe and North America. We see significant opportunity to develop the SMI business further, which should provide our customers with better access to quality products over time," Hilmar Rode, Sibelco CEO.