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Austrian company Borealis to acquire Rialti

06 Jul '23

1 min read

Pic: Rialti/Borealis

Insights

Borealis, a leader in polyolefin solutions, has announced the acquisition of Rialti, an Italian polypropylene compounder and recycler.
Rialti specialises in sustainable polypropylene compounds made from mechanically recycled feedstock.
With the acquisition, Borealis aims to enhance its offering and support its customers in achieving their sustainability goals.

Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilisers and the mechanical recycling of plastics, has announced that it has signed an agreement to acquire Rialti, an Italian polypropylene compounder and recycler. Closing of this transaction is subject to customary regulatory approvals.

Based in the area of Varese, Italy, Rialti is one of the European market leaders specialised in production of sustainable polypropylene (PP) compounds with a focus on mechanically recycled PP feedstock from post-industrial and post-consumer waste. With over thirty years of experience, Rialti utilises its annual capacity of 50,000 tonnes to make injection moulding and extrusion PP compounds with applications in different industries, including automotive, appliances and construction.

“During the past decade we’ve made steady progress in our circularity journey. The addition of Rialti to our portfolio will expand our circular offering and strengthen our ability to serve our customers in meeting their sustainability ambitions. As such we continue reinventing essentials for sustainable living,” said Lucrèce Foufopoulos, Borealis executive vice president polyolefins, Innovation & Technology and Circular Economy Solutions.

Fibre2Fashion News Desk (RR)