DGAP-News

AURELIUS acquires ECO Plastics

DGAP-News: AURELIUS AG / Key word(s): Acquisition
AURELIUS acquires ECO Plastics

12.12.2014 / 07:30

---------------------------------------------------------------------

AURELIUS acquires ECO Plastics

Munich/London, 12 December 2014 - AURELIUS (ISIN DE000A0JK2A8), the listed
mid-market pan-European investor, today announces its acquisition of ECO
Plastics ("the Company"), a reprocessor of recyclable materials. In line
with its standard investment approach, AURELIUS will supply both its highly
specialised operational improvement capabilities and financial support to
the Company's current operations, with a core focus on the long-term
strategic development of the business. The financial terms of the deal are
not disclosed.

Hemswell-based ECO Plastics operates one of the world's largest and most
sophisticated plastic reprocessing plants, capable of sorting 150,000
tonnes of mixed bottles per year and representing around 35% of the total
UK bottle collection in the UK every year. Since 2000, ECO Plastics has
played a leading role in the UK's plastics recycling sector with the
development of new recycled plastic (Recycled Polyethylene Terephthalate -
rPET) products, which have delivered value to local authorities and the
waste management industry through feedstock contracting, and by working in
partnership with major companies.

Tristan Nagler, Managing Director of AURELIUS in London said:
"AURELIUS is delighted to have acquired ECO Plastics which has a strong
position in the UK marketplace. For customers, suppliers and partners it
will be business as usual, and we are committed to working with the Company
to deliver long term, sustainable growth. AURELIUS has a strong track
record in the industrials sector, providing both operational improvement as
well as financial support to businesses. We are extremely excited about the
future prospects of this business."

ECO Plastics' Founder and Deputy Chairman Jonathan Short, commented:
"This news is not just a vote of confidence in the future of ECO Plastics,
but a vote of confidence in the promising future of the UK's fast growing
recycling sector. Working with AURELIUS will take the ECO Plastics story to
the next level. This new owner will not only bring in new expertise and
financial resources, but also a shared commitment to the development of a
more sustainable, circular economy in the UK."

ECO Plastics' CEO, Chris Brown, added:
"We are looking forward to working closely with AURELIUS as we enter this
new chapter of the ECO Plastics story. Their involvement will bring