Borealis announced today the signing of an agreement to acquire Rialti, one of Europe’s leading producers of mechanically recycled polypropylene (PP) compounds for injection molding and extrusion.
The investment will add 50,000 tonnes of recycled compounding capacity, strengthening Borealis’ circular portfolio and furthering its commitment to the EverMinds platform, a corporate initiative to bring together stakeholders and influencers to unlock progress and accelerate change.
Based near Varese in northern Italy, Rialti is specialized in the production of sustainable PP compounds with a focus on mechanically recycled PP feedstock from post-industrial and post-consumer waste. With more than 30 years of experience, Rialti produces injection molding and extrusion PP compounds with applications in various end markets, including automotive, appliances, and construction.
“During the past decade we’ve made steady progress in our circularity journey. The addition of Rialti to our portfolio will expand our circular offering and strengthen our ability to serve our customers in meeting their sustainability ambitions,” commented Lucrèce Foufopoulos, executive vice president at Borealis of Polyolefins, Innovation & Technology, and Circular Economy Solutions.
Headquartered in Vienna, Borealis supplies advanced and circular polyolefin materials and is a European market leader in base chemicals, fertilizers, and the mechanical recycling of plastics.
Closing of this transaction is subject to customary regulatory approvals.