Borealis Successfully Completes Acquisition of Rialti to Strengthen Recyclate-Based Polypropylene Compounding Business

Borealis Successfully Completes Acquisition of Rialti to Strengthen Recyclate-Based Polypropylene Compounding Business

(IN BRIEF) Borealis, a leading provider of innovative solutions in the plastics industry, has announced the successful completion of its acquisition of Rialti S.p.A., a prominent European polypropylene (PP) compounder specializing in sustainable PP compounds made from mechanically recycled feedstock. Rialti, located in Varese, Italy, brings over thirty years of experience in producing PP compounds for various industries, including automotive, appliances, and construction. This acquisition significantly enhances Borealis’ capacity for PP compounding with a focus on mechanical recyclates, furthering its commitment to a circular economy and sustainable solutions. It is a significant step toward Borealis’ goal of reinventing essentials for sustainable living and advancing plastics circularity.

(PRESS RELEASE) VIENNA, 3-Nov-2023 — /EuropaWire/ — On June 30, 2023 Borealis announced that it had signed an agreement to acquire Rialti S.p.A., a polypropylene (PP) compounder of recyclates based in the Varese area of Italy, subject to regulatory approvals. The parties announce the successful closing of the transaction.

Rialti is one of the European market leaders specialized in production of sustainable polypropylene (PP) compounds with a focus on mechanically recycled PP feedstock from post-industrial and post-consumer waste. Based in the area of Varese, Italy, Rialti has over thirty years of experience. The company utilizes its annual capacity of 50,000 tons to make injection moulding and extrusion PP compounds with applications in different industries, including automotive, appliances and construction.

The acquisition will bring significant expertise and capacity to Borealis, expanding its PP compounding business and, in particular, increasing its volume of PP compounds based on mechanical recyclates. The improved capacity will strengthen Borealis’ speciality and circular portfolios, enabling the company to meet customer demand for an ever-wider range of sustainable, high-performance solutions. By adding Rialti’s expertise in compounding of mechanically recycled PP to Borealis’ know-how and innovation leadership, we contribute to close the loop for a more circular economy. The move also represents a proof point of Borealis’ EverMinds™ commitment to accelerate the transition to a circular economy, and progress towards its ambitious targets.

“Mechanical recycling is a key component of our integrated circular cascade model, which is a cornerstone of our future-positive transformation and path to net zero . The acquisition of Rialti provides a vital expansion of our recyclate-based PP compound capacity, and marks another critical step on our path to reinventing essentials for sustainable living,” says Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Circularity and Innovation & Technology.

“Borealis is at the forefront of our industry’s mission to advance plastics circularity. With the closing of this transaction, I am pleased to see Rialti’s capacity and expertise contributing to this endeavour. I am convinced that Borealis and Rialti now look forward to a shared future of growth and innovation, ultimately enabling them to provide their customers with an even wider range of advanced PP compound solutions,” comments Massimo Dal Toso, CEO of Rialti.

About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.

With operations in over 120 countries and head offices in Vienna, Austria, Borealis employs around 6,000 people. In 2022, we generated a net profit of EUR 2.1 billion. OMV, the Austria-based international energy, fuels & feedstock and chemicals & materials company, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%.

In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US).

http://www.borealisgroup.com | http://www.borealiseverminds.com

Media Contact:

Group Media Desk
+43 1 22 400 899 (Vienna, Austria)
media@borealisgroup.com

SOURCE: Borealis AG