Poland’s Grupa Recykl, a leading player in tyre recycling in Poland, Central and Eastern Europe, has signed its first foreign acquisition deal to purchase 100 per cent of Lithuanian company APG for approx. €3.6 million
APG,is believed to be the largest tire recycling operator in the Baltic region (20,000 tons/year),and will strengthen Recykl’s raw material independence and expand its market reach in Lithuania, Latvia, and Estonia.
The acquisition includes staged payments through 2028 and plans for future CAPEX of €1 million.
Recykl may also build a full recycling plant in Lithuania. In 2024, APG earned €2.14 million in revenue and €0.4 million net profit.
Recykl is also exploring a second M&A deal in Germany and continues growing export sales of its SMAPOL additive and rubber powders.
Source: Warsaw Business Journal
