# LyondellBasell and SUEZ acquire 50% stake in plastics recycler QCP

LyondellBasell entered into a definitive agreement to purchase a 50% stake in Quality Circular Polymers (QCP), a plastics recycling company in the Netherlands, becoming a 50/50 partner with SUEZ. The deal value was not disclosed.

- Type: Acquisition
- Announced: 2019-10-09
- Where: Sittard-Geleen, Netherlands, Netherlands
- Status: announced
- Products: recycled plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Suez](https://endata.com/companies/1259.md) (partner)
- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [Quality Circular Polymers](https://endata.com/companies/28395.md) (target)

## Sources

- [ivsinvestmentbanking.com](https://ivsinvestmentbanking.com/lyondellbasell-suez-purchase-european-plastics-recycling-company/), 2019-10-09: "This acquisition combines LyondellBasell’s European market presence and technical capabilities with SUEZ’s ability to collect and recover waste into new materials."

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