# PolyQuest forms Renuva Plastics to acquire U.S. division of Faith Group Company

PolyQuest formed a subsidiary, Renuva Plastics, to acquire the U.S. division of Faith Group Company, a distributor of post-industrial thermoplastics. The acquisition is effective October 5, 2021.

- Type: Acquisition
- Announced: 2021-10-05
- Where: Wilmington, N.C., United States
- Status: announced
- Products: PET resins, post-industrial thermoplastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [PolyQuest](https://endata.com/companies/55545.md) (acquirer)
- [Faith Group Company](https://endata.com/companies/58163.md) (target)
- [Renuva Plastics](https://endata.com/companies/58164.md) (partner)

## Sources

- [polyquest.com](https://www.polyquest.com/polyquest-forms-renuva-plastics-to-acquire-u-s-division-of-faith-group-company/), 2021-10-05: "This acquisition is a bolt-on and extremely complementary to our existing virgin resins distribution and post-consumer/post-industrial manufacturing businesses."

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