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Montreal-based TC Transcontinental bought the assets of Enviroplast, an insolvent LDPE film recycler with plants in Quebec and Ontario, for 16.1 million Canadian dollars. The purchase was announced June 16, 2020, and the equipment will supply recycled resin for its packaging production.
Enviroplast is building a new state-of-the-art plastic film recycling facility in Vaughan, Ontario, to be commissioned in Q3 2019, as part of an investment of $25,000,000 across its two facilities.
Canada Fibers Ltd. and Enviroplast have entered an exclusive supply agreement under which CFL will supply post-consumer plastic film to Enviroplast's recycling plants for making recycled LDPE pellets.
