Veolia expands its activities in the Netherlands and acquires recycles plastic manufacturer AKG Kunststof Groep. AKG Kunststof Groep is the European market leader and a specialist and custom manufacturer of a broad assortment of high-quality polypropylene (PP) granulates which are sold to manufacturers of plastic products, often substituting virgin plastics. Seller of the company is Wadinko, an investor in small and medium size businesses in Overijssel, an eastern province of the Netherlands.
Veolia group is the global leader in optimized resource management. With over 179,000 employees worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. In the Netherlands Veolia currently employs over 300 people and provides a range of sustainable energy and water utility services to both Dutch industrial and municipal clients.
With the acquisition of AKG Kunststof Groep Veolia boosts its development in the field of circular economy and confirms its goal to become a reference producer of recycled raw materials.
The team of Rutgers & Posch assisting Veolia consisted of Matthijs van den Broek and Hjalmar Florijn. Matthijs Vink and Kevin Koppen from Emendo Capital assisted Veolia from a corporate finance perspective. Wadinko was assisted by Loyens & Loeff