Epwin Group has gained an additional source of raw material as well as accelerating its aim to integrate more recycled product into its systems with the £15million acquisition of Poly-Pure Ltd.
The move comes at a time not only when all industry sectors are moving towards greater use of recycled materials but also when global supply issues are putting increasing pressure of the price of PVC-U as well as most other raw materials.
Epwin said on announcing the acquisition: “There is increasing industry focus on improving the use of reprocessed materials in manufacturing and Epwin believes there are a range of opportunities for Poly-Pure to continue to execute its growth plan,”
“Poly-Pure has strong links within the industry and a proven ability to source post-industrial and post-consumer recyclable building plastics materials. The greater ability to re-process waste materials provides Epwin with an additional source of raw material.”
The directors of Poly-Pure will remain with the business, working within Epwin’s Extrusion and Moulding segment to ensure the Group’s recyclate requirements are serviced and maximised.
CEO Jon Bednall concluded: “Poly-Pure is a high-quality, growing business and a strong strategic fit, which will enable us to further bolster our recycling capabilities and accelerate delivery of our sustainability agenda.
“We see good opportunities to derive synergistic benefits with our existing operations, increase the proportion of recycled material used in our products and further improve the already strong environmental credentials of the Group’s products. The acquisition also furthers our strategy of broadening our materials capabilities for the future. We welcome Poly-Pure’s management and employees to the Epwin Group.”
