Home Countries Europe: Recycling company ABKA acquires Systec Mixed Plastics

Europe: Recycling company ABKA acquires Systec Mixed Plastics

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CABKA has taken over Systec Mixed Plastics GmbH (SMP), located in Genthin, Germany, since the beginning of January 2016.

The company now operates under the new name CABKA GmbH Genthin.

CABKA, known for plastic palettes and boxes, expands its supply of raw materials and continuously develops its approach to circular flow economy with the acquisition of SMP.

CABKA will start to transform step-by-step SMP’s feedstock recycling into mechanical recycling.

This will strengthen the company’s plastic recycling business and its Eco-Products brand, which features sustainable products made of 100% recycled plastics.

As part of Duales System Holding, SMP acquired the Genthin location in 2012, which it successfully restructured in the years to follow.

The Genthin location employs 34 people.

In the future, Duales System Holding will concentrate primarily on the processing of homogeneous plastic fractions.

“The recycling of mixed plastics is no longer one of our core strategic activities,” says Michael Wiener, CEO of Duales System Holding.

“CABKA will give the company new inspiration.”

With the takeover, CABKA expands its raw material capacity by nearly 50,000 tons and secures a stable pricing policy for its customers.

All employees of the new CABKA GmbH Genthin will be incorporated into the CABKA Group, bringing its total staff to approximately 570 people.