Close the Loop merges with O F Packaging
December 3, 2021
Close the Loop Group announced the merger between O F Packaging and Close the Loop, to form Close the Loop Group.
In addition to the merger, the Founder-led Group said it will be listed on the Australian Stock Exchange (CLG) and has already gained great interest from the investor market and our Joint Lead Managers.
With locations in Australia, Belgium, South Africa, and the United States, Close the Loop Group said it aims to be a market leader in urban mining and extend our already impressive commodity collection offering. Reclaiming hard to recycle materials such as printer cartridges, e-waste, cosmetics, and soft plastic waste will be key for moving towards a circular economy.
The Group will be reusing and recycling these materials into equivalent or secondary products, diverting waste from landfill and creating value throughout existing supply chains. This includes its product TonerPlas, which is an asphalt additive currently being used in the resurfacing of both the M80 and the Monash freeways in Victoria. These innovations, the company said, allow the Group to expand their zero waste to landfill targets and provide a key end market for reclaimed commodities.
From the creation of products and packaging using recyclable materials and recycled content, through to the development of take-back programs for brand owners and Original Equipment Manufacturers (OEMs), Close the Loop Group said it will provide circular integrated solutions to brand owners and associated stakeholders.
Categories : City News
