# SCGC completes acquisition of 70% stake in Sirplaste Portugal

SCG Chemicals (SCGC) has completed the acquisition of a 70% stake in Sirplaste, a plastic recycling company in Portugal, to expand production capacity in Europe and enter the high-quality post-consumer recycled resin market.

- Type: Acquisition
- Announced: 2022-04-07
- Where: Portugal
- Status: completed
- Products: post-consumer recycled resin, recycled plastic
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [SCG Chemicals](https://endata.com/companies/7171.md) (acquirer)
- [Sirplaste](https://endata.com/companies/55052.md) (target)

## Sources

- [scgchemicals.com](https://www.scgchemicals.com/en/articles/news/1653560663), 2022-04-07: "SCGC reinforced its commitment to becoming the 'Chemicals Business for Sustainability' by announcing a successful closure of a deal to acquire a 70% stake in Sirplaste."

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