# Braskem acquires 61.1% stake in Wise Plásticos for R$121 million

Braskem entered into an agreement to acquire a 61.1% equity interest in Wise Plásticos, a Brazilian mechanical recycling company, for an estimated R$121 million. The investment will be used to double Wise's recycling capacity to about 50,000 tons/year by 2026.

- Type: Acquisition
- Announced: 2022-08-02
- Where: Itatiba, São Paulo, Brazil
- Value: $23.0M (121.0M BRL)
- Status: announced
- Capacity: 50,000 tons/year of recycling by 2026
- Products: recycled polyolefins, polypropylene resins, high-density polyethylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Braskem](https://endata.com/companies/1071.md) (acquirer)
- [Wise Plásticos](https://endata.com/companies/64568.md) (target)

## Sources

- [braskem.com](https://www.braskem.com/usa/news-detail/braskem-acquires-equity-interest-in-wise-plasticos), 2022-08-04: "Braskem will acquire an equity interest of 61.1% in the share capital of Wise for an estimated amount of R$121 million, part of which will be used to expand its current production capacity by two-fold to around 50,000 tons/year of recycling by 2026."
- [akm.ru](https://www.akm.ru/eng/news/braskem-s-a-acquires-wise-pl-sticos-s-a/), 2022-08-04: "Braskem S.A. Aug. 2 signed an agreement for acquisition of shares and subscription for new shares issued by Wise Plásticos S.A., amounting to an ownership interest of 61.1% in the capital stock of Wise"

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