- Circular Resources provides services for global corporations to meet their need for recycled plastics
- The deal will see Circular Resources create a large-scale provider of solutions for the circular economy in Europe
- Der Grüne Punkt – DSD made strategic investments into dedicated plastic recycling facilities in Germany under HIG’s ownership
HIG Capital announced it has completed the exit of Der Grüne Punkt – Duales System Deutschland (DSD). Luxembourg-based Circular Resources has bought the company. Circular Resources provides services for global corporations to meet their need for recycled plastics.
The deal will see Circular Resources create a large-scale provider of solutions for the circular economy in Europe. Der Grüne Punkt was founded in 1990 and set up the dual system in 1991 (DSD). It is headquartered in Cologne. The company provides sustainable packaging and recycling services.
“We are very pleased to have developed Der Grüne Punkt into an integrated business leading in packaging licensing and recycling alike,” said Holger Kleingarn, managing director at HIG. “For many years, DSD has been spearheading Germany’s development into a circular, sustainable economy and will accelerate this trajectory together with its new owner Circular Resources. Our investment in DSD underlines HIG’s expertise in positioning companies for growth in key future sectors.”
Miami-headquartered HIG Capital is a global investor with over $49 billion in assets under management.
“Our highly successful partnership with HIG, based on a strong level of mutual trust and commitment, has been very rewarding,” said Michael Wiener, CEO of DSD. “Supported by HIG, DSD has been the first dual system in Germany which successfully implemented a verticalisation strategy by running a nationwide waste licensing system and operating several plastic recycling plants in parallel. Today, DSD is the market leader in mechanical recycling and produces highest grade recyclates. Our growth momentum will be further strengthened by now adding chemical recycling to our offering. Together with our new owner Circular Resources we will provide our customers a one-stop-shop solution.”