M&A Deal Summary

PlasCred Circular Innovations Acquires PlasCred

On August 3, 2023, PlasCred Circular Innovations acquired environmental company PlasCred for 4M CAD

Acquisition Highlights
  • This is PlasCred Circular Innovations’ 1st transaction in the Environmental sector.
  • This is PlasCred Circular Innovations’ 0th largest (disclosed) transaction.
  • This is PlasCred Circular Innovations’ 1st transaction in Canada.
  • This is PlasCred Circular Innovations’ 1st transaction in Alberta.

M&A Deal Summary

Date 2023-08-03
Target PlasCred
Sector Environmental
Buyer(s) PlasCred Circular Innovations
Deal Type Merger
Deal Value 4M CAD

Target

PlasCred

Calgary, Alberta, Canada
PlasCred developed proprietary technology to transform hard-to-recycle plastic waste into high-value petrochemical feedstock using a catalytic pyrolysis process. PlasCred is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

PlasCred Circular Innovations

Calgary, Alberta, Canada

Category Company
Sector Business Services
DESCRIPTION

PlasCred Circular Innovations is a clean technology company focused on advanced plastic recycling. Using its patent-pending process, the company transforms unsorted, hard-to-recycle plastic waste into a clean, renewable hydrocarbon feedstock called Renewable Green Condensate (RGC). This product can then be used to produce new, virgin-grade plastic. PlasCred Circular Innovations is based in Calgary, Alberta.


DEAL STATS #
Overall 2 of 2
Sector: Environmental M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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