# Syre acquires Premirr Plastics, secures $100M Series A funding

Syre, a textile recycling company, acquired North Carolina-based Premirr Plastics and announced a $100 million Series A funding round led by TPG Rise Climate. The acquisition integrates Premirr's polyester recycling technology.

- Type: Acquisition
- Announced: 2024-05-24
- Where: North Carolina, United States
- Value: $100.0M
- Status: announced
- Products: polyester recycling technology
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [TPG Rise Climate](https://endata.com/companies/21064.md) (investor)
- [H&M](https://endata.com/companies/34140.md) (investor)
- [Syre](https://endata.com/companies/41816.md) (acquirer)
- [Premirr Plastics](https://endata.com/companies/77635.md) (target)

## Sources

- [etextilecommunications.com](https://www.etextilecommunications.com/news/syre-acquires-n-c--based-premirr-plastics-gets-100m-funding/article_2dc0b7d6-1997-11ef-9581-a30463994e31.html), 2024-05-24: "We completed a rigorous search and evaluation of 20+ polyester recycling technologies worldwide."

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