# CMG Cleantech to acquire Ocean Polymers for €100M

CMG Cleantech S.A. agreed to acquire Ocean Polymers, a British recycling technology company, for approximately €100 million, to be paid by issuance of unlisted notes. The acquisition is subject to due diligence and shareholder approval.

- Type: Acquisition
- Announced: 2022-06-01
- Where: United Kingdom
- Value: $107.0M (100.0M EUR)
- Status: announced
- Products: recycling technology, waste-to-energy systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [CMG Cleantech S.A.](https://endata.com/companies/63217.md) (acquirer)
- [Ocean Polymers](https://endata.com/companies/63218.md) (target)

## Sources

- [cmgcleantech.com](https://www.cmgcleantech.com/cmg-cleantech-s-a-cmg-cleantech-grows-its-environmental-and-sustainability-business-with-the-acquisition-of-recycling-technology-company-ocean-polymers), 2022-06-01: "The total consideration for the acquisition of Ocean Polymers will be approximately 100 million Euros to be paid by the issuance of unlisted notes for a total value of 100 million Euros."

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