3 september 2015

Veolia acquires AKG Kunststof Groep and strengthens its position as a renowned producer of recycled raw materials

With the acquisition of the Dutch company AKG Kunststof Groep, a leading European recycling and polypropylene (PP) production company, Veolia confirms its ambition to further develop in the strategic circular economy sector.

AKG

AKG Kunststof Groep provides high quality polypropylene (PP) granules used in manufacturing plastic. The granules are made from commercial, industrial and household waste (90% of supplies) and from the waste produced by plastic product manufacturers. They are used in many fields such as horticulture, construction, electronics, automotive and packaging. In 2014, with 53 employees based in Vroomshoop (Netherlands), AKG recycled 37,000 tons of plastic.
 
For Veolia the Vroomshoop site will become a center of excellence for recycling polypropylene. Equipped with the latest technology and able to undertake analyses at each stage in the production process, it will add to the Group's expertise in the circular economy sector.

 
Antoine Frérot - portrait

For the CEO of Veolia, Antoine Frérot, "this operation is the next natural step for Veolia in its strategic transformation and development. Our growth on new thriving markets and our ability to provide solutions for the recovery and production of raw recycled materials have demonstrated the Group’s ability to turn the waste of some into resources for others".

 
Patrick Labat

"The acquisition of AKG will enable us to further meet the needs of our clients," added Patrick Labat, Senior Executive Vice President Northern Europe for Veolia. “The Vroomshoop site will become the zone’s “Centre of Expertise” for our polyolefin recycling and compounding activity [1]".

 
 
Press release: Europe – Circular Economy - Paris & Nieuwegei...
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Veolia acquires recycled plastic manufacturer AKG Kunststof Groep and further enhances its position as a reference producer of recycled raw materials.

The Veolia Netherlands CEO, Hildagarde McCarville, said, "We look forward to developing the circular economy in the Netherlands in partnership with Wadinko [2] ».


 
 
 

Veolia in the Netherlands for over 40 years

Veolia provides energy and water services to its industrial and public sector customers in the Netherlands. For example, for Jacobs Douwe Egberts in Joure, spent coffee grounds, a production residue, are used to produce energy. In Leeuwarden, Veolia is conducting a pilot project for the generation of bioplastics from the sludge recovered from waste water installations. The acquisition of AKG Kunststof Groep will further augment the presence of Veolia in the Netherlands in the Overijssel region. 

> For more information about Veolia and the circular economy

 
[1] Polyolefins are the most important family of plastics (with four types including PP) among the consumer plastics.
[2] Wadinko is the former sole shareholder of AKG. It will retain a priority share in the company and will sit on the supervisory board.