Veolia, the France-based group specialized in what it calls ‘optimized resource management’, has completed the purchase of the Dutch recycler and compounder AKG Kunststof Groep. The acquisition is Veolia’s next step in the pursuit of its goal to further expand its presence in the raw recycled materials market. But why AKG?
AKG, which operates out of Vroomshoop (the Netherlands), is a custom manufacturer of a broad assortment of high-quality polypropylene (PP) recyclates, which are sold to plastics processors. The company sources as raw materials either pre-processed plastic flakes with a high PP content, mainly derived from commercial, industrial or household waste or PP production scraps, collected from manufacturers of PP products. In 2014, with 53 employees based in Vroomshoop (Netherlands), AKG recycled 37,000 tons of plastic.