Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces today that it has fully acquired the German plastics recyclers mtm plastics and mtm compact. Based in Niedergebra, Germany, mtm plastics is regarded as a technology leader in the recycling of mixed post-consumer plastic waste and as one of Europe's largest producers of post-consumer polyolefin recyclates.

The sister companies mtm plastics GmbH and mtm compact GmbH will become members of the Borealis Group. The two Managing Directors will remain in their roles to ensure business continuity.

“Over the past decade, innovations are increasingly addressing sustainability issues and caused stakeholders to rethink and reshape their approach to value creation. As a leader in our industry, it is a part of our responsibility to be in the driving seat to couple growth ambitions with providing solutions to solve society’s global challenges”, explains Alfred Stern, Borealis Executive Vice President Polyolefins and Innovation & Technology. “This is why we are fully committed to the principles of the circular economy and with this acquisition we now take our engagement to plastics recycling to the next level”.

As an industry leader, Borealis is committed to the principles of a circular economy and embraces polyolefins recycling as a strategic part of the business. Over the last years, Borealis has been actively advancing its recycling and sustainability efforts.