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LYB to Acquire APK AG Recycling Technology to Strengthen Sustainable Recycling Solutions

Aug 23, 2024•over 1 year ago

Acquiring Company

LyondellBasell

Acquired Company

APK

RotterdamManufacturing

Description

LYB has announced the acquisition of APK AG Recycling Technology, a leading technology provider for innovative recycling processes for plastics and composite materials. This strategic move aims to strengthen LYB's commitment to sustainable solutions and enhance its position in the recycling industry.

Company Information

Company

LyondellBasell

About

LyondellBasell is a sustainability leader in the chemical industry with a strong focus on circular and low carbon solutions. The company aims to further develop APK AG's unique solvent-based technology for low density polyethylene (LDPE) and build commercial plants in the future to produce new high-purity materials for various applications.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed