Press Releases

The Sterling Group, an operationally focused middle market private equity firm, today announced the formation of a new PET recycling platform company, Evergreen. Sterling executed the carve-out of Evergreen, the recycling division of current portfolio company, Greenbridge Packaging, and merged it with the Riverside, California assets of CarbonLITE, acquired through a 363 bankruptcy process. The combined business positions Evergreen as one of the nation's largest PET recyclers, c

Zume, the sustainability solutions company creating economically viable substitutes for single-use plastics, announced the company’s new manufacturing and professional services partnership with India-based Parason, a leading global pulp and paper industry supplier. Parason will leverage Zume’s proprietary manufacturing technology and professional services to support the production of molded-fiber goods in what will be the most advanced manufacturing facility of its kind in Southea

Danimer Scientific, a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4. Stephen E. Croskrey, Chairman and Chief Executive Officer of Danimer Scientific, commented, &l

Brightmark, the global waste solutions provider, today announced that it will build the world’s largest advanced plastics recycling and renewal facility in Macon-Bibb County, Georgia. The total investment is expected to be more than $680 million in a new plant intended to fully utilize the 5.3 million square-foot site, which will employ a state-of-the-art and proprietary plastics renewal process that sustainably recycles all plastic waste (Types 1-7) that has reached the end o

Zume, the sustainability solutions company creating economically viable substitutes for single-use plastics, recently launched its manufacturing and professional services partnership with Satia Industries, one of the largest wood and agro-based paper manufacturers in India. This deal brings innovation to the $580B global plastic industry by presenting a scalable solution to replace plastics and styrofoam with sustainable alternatives. Founded on the mission to change the unsustainab

The "Plastic Bags and Pouches Industry Market" report has been added to SpendEdge's library which is trusted by more than 100 CPOs and 500 category managers who uses our insights daily. Key Highlights Offered in the Report: Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices. Gain information on relevant pricing levels, detailed explanation of the pros and cons of prevalent pricing models.

Nexeo Plastics, LLC, a leading global thermoplastics resin distributor and an affiliate of GPD Companies, Inc. (“GPD”), today announced that it has acquired Nevicolor S.p.A. (“Nevicolor” or the “Company”), a leading Italian distributor and compounder of thermoplastics. Terms of the transaction were not disclosed. A family-founded business based in Luzzara, Italy, with broad geographic reach throughout the country, Nevicolor has provided value-adde

Jim Fitterling, chairman and chief executive officer of Dow Inc. (NYSE: DOW), will participate in a virtual fireside chat during the Bernstein 37th Annual Strategic Decisions Conference on June 3 at 8:00 a.m. ET. Dow invites investors to join the live webcast through its website. A replay and transcript will also be available within 48 hours following the event. About Dow Dow combines global breadth, asset integration and scale, focused innovatio

Building on its commitment to zero-waste cities and clean energy solutions, Bee'ah, the Middle East's sustainability pioneer, today announced that it will be pursuing plans for the region's first waste-to-hydrogen project in the UAE. The project includes a green hydrogen generation plant and a hydrogen vehicle fuelling station, in collaboration with UK-based Chinook Sciences. The Waste-to-Hydrogen project is an evolution of Bee'ah and Chinook Sciences' $180 milli

Several companies are manufacturing reusable water bottles with added features such as built-in filter systems that remove a certain amount of water impurities or contamination from the water. Reusable water bottles have filter made of activated charcoal with a slight electro-positive coating that eventually run out. As water passes through the filter, it removes most of the chlorine, other heavy metals, and any unusual taste from the water, making the water fit for drinking. This feature is

Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced today it has entered into a definitive agreement to sell its synthetic rubber business based in Schkopau, Germany (“Synthetic Rubber” or the “Business”) to Synthos S.A. and its affiliates (collectively “Synthos”) for an enterprise value of approximately $491 million, comprised of $449.4 million of cash and the assumption of approximate

Fact Mr's study has predicted the global ethylene bis-stearamide (EBS) to rise at 5% CAGR through 2031. Extensive use of ethylene bis-stearamide in wide range of applications such as plastic manufacturing, adhesives, inks & coatings and others will create growth opportunities for ethylene bis-stearamide manufacturers during the forecast period of 2021 and 2031. Some of the leading manufacturers are focusing on single-use plastic due to the sustainability concerns associated