PLMJ advised SCG Chemicals on the acquisition of a controlling stake in Sirplaste

PLMJ advised SCG Chemicals on the acquisition of a controlling stake in Sirplaste - Sociedade Industrial de Recuperados de Plástico, S.A.

The transaction was led by the partner who co-heads the Corporate M&A practice, Diogo Perestrelo, and coordinated by Rita Albuquerque, managing associate of the Corporate M&A practice, with the assistance of Carolina Martins Correia, Beatriz Veiga Santos, Corporate M&A and Mariana Guisado, from Dispute resolution.

The acquisition was made through SCG Singapore, a subsidiary of SCG Chemicals, Thailand, which is owned by The Siam Cement Public Company Limited. SCG Chemicals is one of the largest petrochemical companies in Asia and it has a leading position in the sector and a plan to expand into Europe.

Sirplaste is the largest Portuguese plastic recycling company with an annual capacity of 36,000 metric tons. It operates in Portugal and has a prominent presence in other European countries.

The investment in Sirplaste is an important step in SCG Chemicals' strategy to strengthen its position in the plastic recycling business. Its goal is to create new opportunities in developing and improving recycling technology, and to expand sales channels in the European market.