SILON completed the acquisition of PESL.

SILON, a plastic fabrication company and technical compounds manufacturer, completed the acquisition of PESL, a recycling company. Financial terms were not disclosed. “This acquisition is a significant milestone in the expansion strategy of the SILON Group, demonstrating the commitment of the group to the circular economy. Our goal is to make a positive impact on the efficiency of plastic recycling in Europe and to increase the consumption of recycled-based products with new solutions,“ Shukhrat Saidov, SILON CEO.