# Gurit acquires PET recycling operation in Italy

Gurit, through its newly formed company Gurit Italy PET Recycling S.r.l., signed an agreement to acquire the PET recycling production facilities from Valplastic S.r.l. in Italy. The purchase price was not disclosed; closing is expected at the end of May 2019.

- Type: Acquisition
- Announced: 2019-04-17
- Where: Carmignano di Brenta, Province of Padova, Italy, Italy
- Jobs: 30
- Status: announced
- Products: recycled PET flakes, recycled PET granules
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Gurit](https://endata.com/companies/17218.md) (acquirer)
- [Valplastic](https://endata.com/companies/38801.md) (target)

## Sources

- [gurit.com](https://www.gurit.com/ad-hoc-announcement-gurit-acquires-pet-recycling-operation-in-italy/), 2019-04-17: "With this transaction Gurit can connect the value chain from purchased recycled bottles out of the collection network down to a precision core kit for the global Wind OEMs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.