Cedo Enhances Footprint in Vietnam with New Acquisition

Cedo, a prominent supplier of private label refuse sacks, bin liners, food wrap, and freezer bags, has announced a significant development in its expansion strategy: the acquisition of Vinatic, a notable recycling operation based in Vietnam. This acquisition is a strategic move that will bolster Cedo’s recycling capabilities and open up new business opportunities in the region. Cedo, which has been active in Vietnam since 2010, is poised to further enhance its position in the recycling sector through this acquisition.

Thierry Navarre, CEO of Cedo, highlighted the importance of this acquisition, calling it a “pivotal milestone” in the company’s ongoing efforts to become a leading integrated platform for the circularity of flexible plastic films. The addition of Vinatic is expected to be a key component in Cedo’s strategy to enhance its overall recycling capacity and strengthen its market presence. This move aligns with Cedo’s commitment to advancing sustainable practices and improving its environmental impact.

The acquisition of Vinatic comes at a time when Cedo is also making significant advancements at its recycling site in Geleen, Netherlands. The company is in the process of constructing a new state-of-the-art factory at this location, with the project expected to be completed by 2025. The combination of these developments, including the integration of Vinatic, will elevate Cedo’s total recycling capacity to 100,000 tons. This expanded capacity will enable Cedo to process a larger volume of plastic waste and contribute more effectively to the circular economy.

Navarre emphasized the value that Vinatic’s expertise and infrastructure will bring to Cedo’s operations. He described Vinatic’s capabilities as an “invaluable asset” that will significantly enhance Cedo’s ability to repurpose plastic waste and support a more sustainable and circular approach to plastic management. The acquisition is expected to improve the efficiency and effectiveness of Cedo’s recycling processes, allowing the company to better meet the growing demand for recycled plastic materials.

Beyond the immediate benefits of increased recycling capacity, Cedo’s acquisition of Vinatic is part of a broader strategy to secure a stable and high-quality supply of granulate. This move will ensure that Cedo can continue to provide fit-for-purpose pellets to plastic industry converters across various sectors, including packaging, construction, and automotive. By expanding its recycling capabilities, Cedo aims to maintain its leadership position in the industry and reinforce its commitment to sustainability on a global scale.

“This acquisition not only solidifies our position as an industry leader but also underscores our dedication to sustainability worldwide,” Navarre stated. The integration of Vinatic into Cedo’s operations represents a significant step forward in the company’s mission to enhance its recycling capabilities and contribute to a more sustainable future. As Cedo continues to grow and evolve, the company remains focused on advancing its environmental goals and driving innovation in the recycling sector.

Overall, the acquisition of Vinatic is a strategic move that aligns with Cedo’s long-term vision of becoming a major player in the circularity of flexible plastic films. By increasing its recycling capacity and leveraging Vinatic’s expertise, Cedo is well-positioned to make a meaningful impact in the recycling industry and support the global transition towards a more sustainable and circular economy.