Abris Capital Partners (Abris), an ESG transformation specialist private equity investor, has supported GreenGroup, a central European circular economy specialist, in acquiring UAB Ecso, a Lithuanian LDPE (Low Density Polyethylene) recycling company.
Part of an ambitious M&A strategy, this acquisition marks GreenGroup’s entry into the polyolefin recycling market and creates the platform for further expansion in this sector across the CEE region. Over the next few years, GreenGroup will invest EUR 150 million to EUR200 million to further consolidate its position as the largest integrated recycling group in CEE through capex investments and bolt-on acquisitions.
UAB Ecso is GreenGroup’s second add-on in recent weeks, following the acquisition of SIGAD, a Romanian developer of environmental reporting software, in July.
Central European investor Abris first invested in GreenGroup in 2016 and has since partnered with the firm’s management team to expand the business organically and through acquisition, and to build the leading circular economy player in CEE.
