LyondellBasell Industries is acquiring Italian compounder Mepol srl for an undisclosed price.
Mepol, based in Riese Pio X, Italy, makes recycled, high-performing technical compounds, officials with LyondellBasell in Dallas said in a news release. Mepol operates compounding plants in Italy and Poland.
The acquisition "demonstrates LyondellBasell's commitment to move the circular economy forward," said Torkel Rhenman, executive vice president of the firm's Advanced Polymer Solutions unit. "With Mepol Group's expertise in sustainable compounds and LyondellBasell's scale, we will enhance our Circulen Recover [sustainable materials] and other sustainable solutions for our customers."
Mepol CEO Mirco Melato added that LyondellBasell "shares our commitment towards sustainability and with its scale and resources, the combined business will be better positioned to address customer needs."
Mepol opened in 1996. The firm operates almost 90 million pounds of annual compounding capacity on eight extrusion lines. In total, Mepol has more than 130,000 square feet of manufacturing space.