Ambipar buys Blue Ambiental assets to expand its geographic presence and circular economy.
According to Ambipar, the operation is consistent with the company’s strategic growth plan and aligned to promote the circular economy.
Blue Ambiental is a tyre, and waste rubber processor, part of the tyre industry reverse logistics, which operates in the Ceará market.
Ambipar announced its acquisition of the assets and industrial waste management contracts of Blue Ambiental Reciclagem de Borracha do Nordeste through the indirect parent company Ambipar Waste to Energy this week.
According to Ambipar, the operation is consistent with the company’s strategic growth plan and aligned with the purpose of promoting the circular economy, with greater geographic presence and potential to capture synergies.
“The acquisition allows expanding the presence in the Northeast region with a focus on reverse logistics for tires and rubbers that are no longer used, strengthening the offer of solutions for total waste management”, says the company in the statement sent to the Brazilian Securities and Exchange Commission.
Also, according to Ambipar, the acquisition will not be submitted for shareholder approval, as the price paid does not exceed 1.5 times the highest amount provided for in the company’s bylaws.