Solegear to acquire Ex-Tech Plastics’ bioplastics division for $1.33m

By Jenny Eagle contact

- Last updated on GMT

Solegear
Solegear

Related tags: Biodegradable plastic

Solegear Bioplastic Technologies (Solegear) has agreed to acquire Ex-Tech Plastics for $1.33m.

The Ex-Tech team will continue to market and sell bioplastics through the Solegear brand, making the transition seamless for Ex-Tech’s existing bioplastic customers and suppliers.

Both firms continue to operate as strategic partners for new bioplastics development, processing and commercialization.

We’re delighted to have the opportunity to welcome Ex-Tech’s bioplastic division to the Solegear family​,” said Paul Antoniadis, CEO, Solegear. 

Further to the strategic partnership formed with Ex-Tech in 2015, we believe the amalgamation of Solegear and Ex-Tech’s bioplastic expertise, people and commercial efforts under the Solegear brand will further accelerate the commercialization of thermoformed bioplastic packaging in food and non-food applications.​”

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