ROTTERDAM, The Netherlands and FERRARA, Italy, July 5, 2023 /PRNewswire/ -- LyondellBasell (NYSE: LYB) has completed the acquisition of Mepol Group, a manufacturer of high-performance recycled technical compounds located in Italy and Poland. Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o, will be subsidiaries in LyondellBasell's Advanced Polymer Solutions (APS) business unit.
LyondellBasell's APS segment produces and markets compounding solutions, such as polypropylene compounds, engineering plastics, masterbatches, engineering compounds, colors and powders, and is a world leader in compounding solutions.
"The acquisition is forward-thinking and aligned with our commitment to a circular economy," said Torkel Rhenman, executive vice president of LyondellBasell's Advanced Polymer Solutions. "With Mepol's deep expertise in recycled composites and LyondellBasell's strategy and scale, we see significant opportunities to accelerate the growth of our APS business by tapping into macro trends in circularity and creating solutions for sustainable everyday living."
LyondellBasell is building a leadership position to address the rapidly growing demand for circular and renewable solutions with innovative products and technologies through its integrated value chain approach. The company has committed to producing and marketing at least 2 million metric tons of polymers annually from recycled or renewable sources by 2030, in order to meet the needs of its customers.
Jones Day y Wardynski
About LyondellBasellWe are LyondellBasell – a global chemical industry leader creating solutions for sustainable everyday living. Through advanced technology and focused investments, we are enabling a low-carbon, circular economy. In everything we do, we aim to create value for our customers, investors and society. As one of the world's largest polymer producers and a leader in polyolefin technologies, we develop, manufacture and market high-quality, innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
About Mepol GroupWith thirty years of experience, Mepol integrates sustainability into its industrial strategy, in the planning and control of its plastics recycling activities and in the production of thermoplastic compounds. Corporate social responsibility has always been a strategic asset for Mepol which, thanks to continuous research and development activity, has focused on eco-sustainable products for various applications, from furniture to automotive, through the electrical and electronic sectors.
The group's mission is to accompany the customer on their transition path towards recycled products and provide packaging recovery and waste management services in support of regulatory requirements and extended producer responsibility.
For the second consecutive year, Mepol received recognition from the 100 best companies in Italy that stood out for the ESG score: the Sustainability Award promoted by KON, Credit Suisse and Forbes
Forward Looking Statements for LyondellBasell Statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based on assumptions by management believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially from projections, anticipated results or other expectations expressed in this release, including, without limitation, our ability to successfully integrate and operate the acquired business described in this release; and general economic conditions in geographic regions or markets served by LyondellBasell and its affiliates, or where the operations of the Company and its affiliates are located. While these statements and projections are made in good faith, LyondellBasell and its management cannot guarantee that anticipated future results will be achieved. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" section of our Form 10-K for the year ended December 31, 2022, which can be found at www. LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission website at www.sec.gov
Photo - https://mma.prnewswire.com/media/2146211...
Logo - https://mma.prnewswire.com/media/558633/...
View original content: https://www.prnewswire.com/news-releases/lyondellbasell-completa-la-adquisicion-de-mepol-group-301869557.html
