Stockholm-based investors Summa Equity has acquired a majority stake global recycling solutions specialist Bollegraaf Group.
The takeover comes a year after a Summa report on a circular and waste-free Europe and saying investment of EUR 230 billion would be necessary by 2040 for the required infrastructure and systems.
Summa partner Bertrand Camus says Bollegraaf is a key enabler in decarbonising the materials system. ‘As a leader in the recycling industry, we’re proud to be working with them to continue the evolution of their innovative and circular solutions.’
Optimising the use of natural resources is one of the spearheads of Summa’s strategy. Investing from its EUR 2.3bn Summa Equity Fund III, the Bollegraaf acquisition leverages Summa’s expertise in ‘enhancing portfolio companies’ strategies to create long-term value and address critical global issues’.
Over the last decades, Bollegraaf has grown into a total solution provider in the recycling industry.
Bollegraaf ceo Edmund Tenfelde adds: ‘Bollegraaf is a frontrunner in the recycling industry. We are convinced that in partnership with Summa, Bollegraaf can accelerate further growth and drive the transition to a circular economy.
Together with Summa, we can invest in innovation and advanced technologies and improve the solutions for our clients through strategic acquisitions. Summa’s industry advisor network is also playing a crucial role in uncovering new opportunities to enhance our efforts.’
The acquisition is pending regulatory approvals and is expected to close in October 2024.
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