Hera Group: control of Aliplast reaches 80%
aliplast110 Today in Bologna, Herambiente, a Hera Group company and leader in Italy in waste treatment and recovery, completed its purchase of an additional 40% of the shares of Aliplast, a primary national figure in plastic collection and recycling and subsequent regeneration. With this operation, which follows up on the first step taken on 3 April 2017, the amount of Aliplast shares held by the Hera Group rises to 80%. As foreseen by the binding deal signed by both parties in January, the remaining 20% of Aliplast shares will be purchased within June 2022. The sum paid by Herambiente in purchasing the further 40% of Aliplast comes to € 51.8 million, which includes the contribution collected as an energy-intensive company and the earn-out portion for having reached increasing results as regards EBITDA in 2016. The purchase was carried out with the Group's own resources. Since the majority of shares is now held by the Hera Group, Aliplast's governance has been modified. In particular, Aliplast's Shareholders Meeting, which came together immediately following the completion of the additional 40% by Herambiente, resolved to enlarge its Board of Directors, going from five to seven members, four representing the Hera Group and three from Aligroup. The new and thus composed BoD, in its first sitting, which took place on today's date, appointed Carlo Andriolo and Roberto Alibardi respectively as CEO and Chairman of the company. The acquisition of Aliplast, which is to be considered alongside the similar operations finalised in 2015 and 2017 involving the Treviso company Geo Nova and the Tuscan companies Waste Recycling and Teseco, has allowed the Hera Group to consolidate its own market presence with a distinctive trait, both unique and concretely in line with the principles of a circular economy. This element makes it possible to offer the Group's clients trustworthy and ever-more integrated solutions, able to complete and round off the virtual circle of sustainability: from collection and treatment of plastic deriving from production scrap waste, to the regeneration of new products. Due precisely to its own specific features, Aliplast was one of the elements that qualified the Hera Group to be admitted to the Ellen MacArthur Foundation's international CE100 program, which brings together the world's leading 100 companies that stand out for their commitment to the transition to a circular economy. Founded in 1982 by Roberto Alibardi and headquartered in Ospedaletto di Istrana (Treviso), Aliplast is a national leader in industrial plastic waste collection and in regenerated polymer recycling and production, with roughly 80,000 tonnes of plastic material recycled every year. It was the first company in Italy to reach a full integration spanning the entire plastic lifecycle: from environmental services in managing and collecting packaging and industrial scrap waste to manufacturing and market sales of packaging products and materials made out of plastic recycled by the company itself. Aliplast employs approximately 350 people in its five Italian and three foreign (Spain, France and Poland) facilities. firmaaliplast870 press_release.1513253652.pdf 2017-12-14 Read more firma_aliplast870.1513253651.jpg Today, Herambiente completed the purchase of a further 40% of the Treviso company's shares, and the ensuing change in governance. The remaining 20% of the shares of this national leader in plastic recycling will be acquired within June 2022, as foreseen in the deal signed last January http://ha.gruppohera.it Herambiente website aliplast110