PLASTIPAK ACQUIRES BUSINESS ASSETS OF EVOLVE POLYMERS LTD

2ND NOVEMBER 2016 Plastipak Packaging, Inc., a leading global manufacturer of rigid plastic packaging as well as virgin and recycled plastic resin, is pleased to announce that it has completed the acquisition of the business assets of Evolve Polymers Ltd. Evolve is one of Europe’s leading plastics recyclers, based in Hemswell Cliff, United Kingdom. Plastipak’s global recycling operations currently recycle billions of bottles per year, and the site being acquired has the capacity to process an additional 6-9 billion PET bottles into food-grade and other high quality material. The business will begin operating immediately under Plastipak’s ownership. Contracts with Evolve’s existing key business partners have been secured for continued effect. “Evolve’s prior owners invested significant resources to build the Hemswell Cliff site starting in 2006, and the business’s performance benefited from continuous improvements”, said Martin Hargreaves, Managing Director, Plastipak Europe. “We currently operate plastic recycling operations in the U.S. through our Clean Tech subsidiary, and in France and Luxembourg for our European customers. This acquisition complements our existing recycling businesses, and amplifies our ability to bring our world-class technologies and know-how to better serve our UK and European-based customers.”