Aliplast (Grupo Hera) acquires majority stake in Kronos Polymer Polska

Aliplast, part of the Hera Group, has further solidified its leadership in high-quality plastic recycling with the signing of a binding agreement by its Polish subsidiary, Aliplast Polska. The agreement aims to acquire a 70% stake in Kronos Polymer Polska, a new entity formed from the split of Kronos Polymer, a Polish operator specializing in polyethylene (PE) recycling and processing.

This acquisition is set to expand Aliplast's production capacity significantly. The new company's plant in Gniew, Pomerania, Poland, is equipped with a comprehensive line for sorting, crushing, and washing polyethylene, boasting an installed annual production capacity of 12,000 tons. This move will enable Aliplast to progressively expand into the local Polish market, optimizing flows and logistics by conducting recycling and regeneration directly at the facility. The company anticipates its total recycling capacity will double to exceed 210,000 tons per year.

The transaction aligns with newer European regulations, such as the PPWR, which mandate enhanced standards for packaging design, production, and waste management, aiming to reduce environmental impact and foster a circular economy. Aliplast CEO Michele Petrone stated that the acquisition supports the Hera Group's strategy of prioritizing resource regeneration and strengthens the company's presence in Poland, where demand for recycled plastic is projected to grow.

The deal is subject to certain standard conditions precedent, including the finalization of the corporate split and the transfer of environmental permits. The transaction is expected to be completed by the end of 2026. Aliplast currently operates plants in Italy, France, Spain, and Poland and continues to focus on increasing production capacity and enhancing the quality and traceability of recycled materials.