The purchase by was finalized today in Bologna Herambiente, a Hera Group company leader in Italy in the treatment and recovery of waste, by a further 40% of Aliplast shares, primary national reality in the collection and recycling of plastic and consequent regeneration.
With this operation, which follows the first step carried out on 3 April 2017, the Aliplast share held by the Hera Group rises to 80%. As per the binding agreement signed by the parties in January, the remaining 20% of the shares will be acquired by June 2022.
The amount paid by Herambiente for the purchase of the additional 40% of Aliplast is equal to 51,8 million euro, including the contribution received as an energy-intensive company and the earn-out component for having achieved punctual incremental results in terms of EBITDA in 2016. The purchase took place through the use of own resources.
As the majority share is now held by the Hera Group, it was changed the governance of Aliplast.
In particular, the Aliplast Shareholders' Meeting, which met immediately after the completion of the purchase of the additional 40% by Herambiente, resolved an expansion of the Board of Directors from five to seven members, four issued by the Hera Group and three by Aligroup. The new Board thus composed, in the first session which also took place today, appointed Carlo Andriolo and Roberto Alibardi, respectively managing director and president of the company.
With the acquisition of Aliplast, which adds to the complementary operations concluded in 2015 and 2017 with the Treviso-based Geo Nova and the Tuscan Waste Recycling and Teseco, the Hera Group has thus consolidated its presence on the market "with a distinctive , unique and concretely in line with the principles of the circular economy. An element that allows us to offer customers reliable and increasingly integrated solutions, capable of completing and closing the virtual circle of sustainability: from the collection and treatment of plastic waste deriving from waste and production scraps, up to the regeneration of new products". This is what we read in the note issued by the company.
“Precisely because of its specificity, Aliplast was one of the qualifying elements for the admission of the Hera Group in the CE100 international program of the Ellen MacArthur Foundation, which involves the top 100 companies in the world capable of standing out for their commitment to the transition towards a circular economy” continues the note..
Founded in 1982 by Roberto Alibardi, with headquarters in Ospedaletto di Istrana (Treviso), Aliplast deals with the collection of plastic industrial waste and in the recycling and production of regenerated polymers, with approximately 80.000 tons of plastics recycled every year. It was the first company in Italy to achieve full integration throughout the life cycle of plastics: from environmental services for the management and collection of packaging and industrial waste up to the production and sale on the market of manufactured goods and packaging materials, plastic products self recycled. About 350 employees work in Aliplast, active in the five Italian plants and in the three abroad (Spain, France and Poland).
“We continue along the path of acquisition of the company – is the comment of the Executive Chairman of the Hera Group, Tomaso Tommasi di Vignano –. An operation that has already produced important results and synergies on an industrial level, allowing for the integration and enrichment of activities in the environmental sector with unique know-how and professionalism on the European scene. This second acquisition step goes in the direction of further growth in order to continue to face and win together, for the benefit of the Group and the territories served, the challenges of sustainability and innovation."
“Being part of such a large and well-rooted company in the area, financially solid and with broad and diversified specializations such as the Hera Group – explained the President of Aliplast, Roberto Alibardi – allows us, more and more every day, to broaden our horizons and provides further peace of mind to continue developing our skills through a greater impetus to research and technological innovation activities. It is in this direction that we operate on a daily basis, just as we are at the same time committed to promoting the integration process and bringing our skills to a complex sector such as the plastics one, pursuing the industrial objectives set jointly and aiming for new and increasingly more challengers".
