# Sibelco to acquire Strategic Materials to enter North American glass recycling

Sibelco announced the signing of a definitive agreement to acquire Strategic Materials, Inc., a leading glass recycler in North America with 42 plants. The transaction is expected to close by end of Q2 or early Q3 2024.

- Type: Acquisition
- Announced: 2024-04-23
- Where: United States
- Status: announced
- Capacity: 2 million metric tonnes processed annually
- Products: glass cullet
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sibelco](https://endata.com/companies/29042.md) (acquirer)
- [Strategic Materials](https://endata.com/companies/76990.md) (target)

## Sources

- [sibelco.com](https://www.sibelco.com/en/news/sibelco-to-enter-north-american-glass-recycling-industry-with-acquisition-of-strategic-materials), 2024-04-23: "Sibelco announced today the signing of a definitive agreement to acquire Strategic Materials, Inc. (SMI), a leading glass recycler and producer of glass cullet in North America."
- [businesswire.com](https://www.businesswire.com/news/home/20240423476999/en/Sibelco-to-enter-North-American-glass-recycling-industry-with-acquisition-of-Strategic-Materials-Inc.), 2024-04-23: "This transaction, once completed, will significantly strengthen and expand our operating footprint in North America with a resilient, key mineral platform at scale."

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