LyondellBasell Completes Acquisition of Mepol Group and its subsidiaries Polar and Industrial Technology Poland to strengthen its advanced polymer solutions (APS) business unit.

Amsterdam: LyondellBasell Industries Holdings B.V., a leading global chemicals and materials company, has completed the acquisition of Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland. This deal was announced in March 2023  and closed on July 5, 2023, in the Netherlands and Italy. After the acquisition, Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z. will be subsidiaries in LyondellBasell's Advanced Polymer Solutions (APS) business unit.

Mepol Group has a long history of innovation in the recycled plastics market, and its products are used in a wide range of applications, including automotive, electrical, and construction. The acquisition will allow LyondellBasell to expand its portfolio of recycled plastics products and further its commitment to a circular economy.

LyondellBasell is building a leadership position to address the rapidly growing demand for circular and renewable solutions with innovative products and technologies through its integrated value chain approach. The company is committed to producing and marketing at least 2 million metric tons of polymers from recycled or renewable-based sources annually by 2030, to meet its customers' needs. The acquisition of Mepol Group and its subsidiaries is a part of their sustainability plan and will help them to achieve their commitment.

For the Acquisition, Jones Day and Wardynski & Partners served as LyondellBasell's legal advisors and Special Affairs S.r.l. served as Mepol Group's financial advisor or Gitti & Partners acted as its legal advisor.

According to the, Executive Vice President of Advanced Polymer Solutions of LyondellBasell." The acquisition is forward-thinking and aligned with our commitment to a circular economy. With Mepol's deep expertise in recycled compounds and LyondellBasell's strategy and scale, we see significant opportunities to accelerate the growth of our APS business by leveraging macro trends in circularity and creating solutions for everyday sustainable living."

According to TechSci Research, the acquisition of Mepol Group and its subsidiaries Polar and Industrial Technology by LyondellBasell Industries Holdings B.V. is expected to have a positive impact on the growth of the recycled polymer or plastic market. The acquisition of Mepol Group is part of LyondellBasell's broader strategy to expand its presence in the recycled plastics market. In April 2023, the company also acquired Veolia's 50% share in the two companies jointly owned Quality Circular Polymers (QCP) BV recycling facilities. QCP BV operates two recycling facilities in Belgium and the Netherlands, and it produces recycled polypropylene (PP) resins under the Circulen Recover brand.

With the acquisition of Mepol Group and Veolia's stake in QCP BV, LyondellBasell is now one of the leading players in the recycled plastics market. The company is well-positioned to meet the growing demand for recycled plastics, and it is committed to helping to create a more sustainable future. Through this acquisition, LyondellBasell Industries Holdings B.V. can increase its portfolio of recycled plastics products and enhance its expertise in recycled plastics technology as Mepol group is known for their high innovation and research practices. The company can also increase the scale or capacity of plastics recycling and set a stronger position in the plastic recycling industry to meet the growing demand for recycled plastics.