Agilyx acquires 44% of GreenDot Global, valuing the company at €197m. The investment of €52m will aid GreenDot’s expansion in Germany, Austria, and Italy. GreenDot, processing over 1 million tonnes of packaging waste yearly, focuses on mechanical recycling and feedstock supply contracts for advanced recycling, enhancing Europe’s circular economy.

The synergy between Agilyx and GreenDot strengthens their position as leaders in plastic recycling. GreenDot secures a ten-year feedstock supply contract and plans to acquire a mechanical recycling facility in Italy. Agilyx CEO Ranjeet Bhatia looks forward to building a prominent European plastic recycling platform with GreenDot.

Read more at Yahoo Finance.: Agilyx completes acquisition of 44% stake in GreenDot Global