Cedo, a global frontrunner in sustainable FMCG private label solutions, has achieved another significant milestone in its mission to advance circularity in the plastics industry. The company has acquired Plasta Group, one of Europe’s largest recyclers, producers, and suppliers of sustainable polyethylene products. This strategic acquisition builds on the momentum of Cedo’s purchase last year of Vinatic, a leading flexible plastic recycler based in Vietnam, further emphasizing its dedication to driving sustainability in plastics manufacturing.
About Plasta Group
Plasta Group, headquartered in Vilnius, Lithuania, boasts an impressive 60-year history of innovation and sustainability. The company operates state-of-the-art manufacturing plants in Lithuania and Sweden and employs over 500 skilled professionals. As a recognized leader in recycling and sustainable production, Plasta annually processes more than 45,000 tons of post-consumer waste plastic, transforming it into over 36,000 tons of high-quality refuse sacks and film products.
Plasta’s commitment to environmental stewardship and excellence is reflected in its numerous certifications, including EcoVadis Silver, ISO 9001, 14001 & 45001, Blue Angel, RAL, and RecyClass. These accolades underscore the group’s focus on sustainable practices and its dedication to producing innovative, high-performance products.
A Transformative Partnership for Sustainability
Cedo’s acquisition of Plasta Group represents a pivotal advancement in its strategy to lead the circular economy for flexible plastics. By bringing Plasta into its fold, Cedo has established the largest integrated circularity platform for flexible plastic films in Europe. Together, the organizations now possess the capacity to recycle over 200,000 tons of plastic waste annually. This enhanced capability allows the production of a wide array of sustainable products, including plastic bags made with recycled content and other film-based solutions.
Cedo’s CEO, Thierry Navarre, shared his excitement about this partnership:
“Plasta Group’s expertise and shared commitment to sustainability align perfectly with our vision. This partnership strengthens our ability to lead the circular economy in our sector, delivering innovative solutions to our customers and driving a more sustainable future.”
Expanding Market Presence
The acquisition bolsters Cedo’s presence across Central and Eastern Europe (CEE) and Scandinavia, positioning the company to meet the growing demand for sustainable solutions in the flexible plastics market. By leveraging Plasta Group’s resources and expertise, Cedo is well-equipped to broaden its portfolio of innovative, sustainable products and enhance its leadership in the sector.
Commitment to Seamless Integration
Cedo and Plasta Group are committed to ensuring a smooth integration process while maintaining their shared focus on quality and customer service. This partnership creates an expanded platform for innovation, fostering new opportunities to push the boundaries of sustainability in plastics manufacturing.
About Cedo
Cedo is a global leader in producing sustainable household essentials for the FMCG private label sector. With a workforce of over 2,000 employees and a presence in both Europe and Asia, Cedo generates an annual turnover of €500 million. The company’s comprehensive approach to sustainability integrates recycling, innovation, and quality-driven solutions to meet the evolving needs of its customers worldwide.
About Plasta Group
Plasta Group is a premier European recycler, producer, and supplier of sustainable polyethylene products. Over six decades, the group has built a reputation for excellence, supported by modern manufacturing facilities in Lithuania and Sweden, a skilled workforce of over 500, and certifications that reflect its commitment to quality and sustainability. Plasta recycles more than 45,000 tons of post-consumer waste plastic annually, transforming it into over 36,000 tons of refuse sacks and film products.
Leading the Industry into a Sustainable Future
The partnership between Cedo and Plasta Group represents a significant step forward in advancing sustainability within the plastics industry. Together, these two leaders are set to drive innovation and create solutions that align with the evolving demands of a more environmentally conscious world. Their combined expertise and capacity position them to lead the charge in transitioning the plastics sector towards a more sustainable and circular future.
By leveraging this powerful collaboration, Cedo and Plasta are poised to redefine industry standards, ensuring that circularity remains at the forefront of flexible plastics innovation.
