Cedo, a leader in sustainable FMCG private label solutions, has made significant strides in its strategic growth journey with the announcement of its latest acquisition, Plasta Group. This comes after Cedo’s acquisition of Vinatic, one of Vietnam’s top flexible plastic recyclers, last summer. The acquisition of Plasta Group, one of Europe's largest polyethylene recyclers and producers of sustainable plastic products, further strengthens Cedo's position as a key player in the circular economy.

Plasta Group, based in Vilnius, Lithuania, operates state-of-the-art manufacturing facilities in both Lithuania and Sweden. With over 60 years of experience in the industry, Plasta employs more than 500 skilled professionals and has a reputation for excellence in sustainability. Each year, Plasta recycles over 45,000 tons of post-consumer waste plastic and produces more than 36,000 tons of refuse sacks and film-based products. The company holds various prestigious certifications, including EcoVadis Silver, ISO 9001, ISO 14001, ISO 45001, Blue Angel, RAL, and RecyClass, which underscore its commitment to environmental responsibility and quality.

This acquisition is a key milestone for Cedo, as it solidifies the company’s role as the largest integrated platform for flexible plastic film circularity in Europe. The merger enhances Cedo’s leadership in Central and Eastern Europe (CEE) and Scandinavia, significantly expanding its capacity to recycle over 200,000 tons of plastic waste annually. This expanded capacity will enable Cedo to produce a wide range of flexible plastic products, including plastic bags made with recycled content and other film-based solutions. The acquisition strengthens Cedo’s ability to meet the rising demand for circularity in the flexible plastics sector and reinforces its position as a sustainable leader in the industry.

Thierry Navarre, CEO of Cedo, expressed his enthusiasm about the acquisition, stating, “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.” He further emphasized that both companies will work closely to ensure a smooth integration process while maintaining their commitment to exceptional quality and customer service.

By integrating Plasta Group, Cedo is not only enhancing its operational scale but also expanding its range of innovative, sustainable solutions. The collaboration between the two companies will help Cedo meet the growing demand for circularity in flexible plastics and further accelerate its contributions to a more sustainable future. With this acquisition, Cedo is poised to continue leading the charge in the recycling and sustainable plastic products industry, making a significant impact on the circular economy in Europe.