Morssinkhof Rymoplast bought back Egeria shares

Morssinkhof Rymoplast announced that the Morssinkhof family has bought back the shares owned by the Dutch private equity firm Egeria.

Morssinkhof Rymoplast is a leading European mechanical recycler of plastics with a history of more than 50 years. In recent years, the company has substantially grown among others by setting up a new facility in Laar (Germany), the acquisition of a facility in Emmen (The Netherlands) and expanding the recycling capacities and capabilities in the existing plants in The Netherlands and Belgium.

The management team consisting of Eric Morssinkhof, Rolf Morssinkhof and Stefan Morssinkhof have initiated the buy-back in order to execute the longterm strategy, guarantee the continuity of the company and to establish sustainable growth. As a family company Morssinkhof Rymoplast is confident that it is able to realise its growth ambitions and further strengthen its market position. Egeria has been partial shareholder of Morssinkhof Rymoplast since 2007.

About Morssinkhof Rymoplast
Morssinkhof Rymoplast is a leading European mechanical recycler, with its head office in Lichtenvoorde, The Netherlands. The company has two business lines of recycling. Morssinkhof Plastics is specialized in processing rigid plastic scraps (HDPE, PP, PS and PET) into high-grade regrind, regranulate or compound. It operates facilities in Lichtenvoorde, Zeewolde, Emmen and Laar (Germany). Rymoplast is specialized in reprocessing polyethylene film into high-grade regranulate for re-usage in film applications. It operates facilities in Lichtenvoorde, Lommel (Belgium) and Torún (Poland). The company processed over 160.000 tons of plastics in 2010.