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Sibelco completes acquisition of Strategic Materials, Inc. to strengthen global leadership in glass recycling

Jun 04, 2024

Acquiring Company

Sibelco

Acquired Company

Strategic Materials

United StatesManufacturingOther

Description

Sibelco, a global leader in material solutions, has completed the acquisition of Strategic Materials, Inc. (SMI), positioning itself as a key global player in glass recycling. With SMI’s 42 sites across North America, processing around 2 million tonnes of cullet (recycled glass) per year, this acquisition expands Sibelco’s offering in North America and strengthens its market position outside Europe. SMI, with approximately 800 full-time employees, brings combined expertise and resources that will create a true market leader poised for further growth.

Quick answer

Sibelco is acquiring Strategic Materials, announced June 4, 2024.

How much did Sibelco pay for Strategic Materials?
The deal value was not disclosed.
What does Sibelco do?
Sibelco is a global leader in material solutions, mining, processing, and selling specialty industrial minerals.
Where are Sibelco and Strategic Materials based?
Strategic Materials is based in United States.
Who are the decision-makers at Sibelco?
Fundz holds 1 contact at Sibelco. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Sibelco

About

Sibelco is a global leader in material solutions, mining, processing, and selling specialty industrial minerals. With production facilities in more than 30 countries and a team of some 5,000 people, Sibelco serves industries as diverse as glass, ceramics, construction, coatings, polymers, water purification, and others.

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Frequently asked

Who acquired Strategic Materials?

Strategic Materials was acquired by Sibelco. The deal was reported on June 4, 2024. Sibelco is a global leader in material solutions, mining, processing, and selling specialty industrial minerals. Sibelco is privately held and operates in Manufacturing.

When did Sibelco acquire Strategic Materials?

Sibelco's acquisition of Strategic Materials was reported on June 4, 2024. Sibelco, a global leader in material solutions, has completed the acquisition of Strategic Materials, Inc. (SMI), positioning itself as a key global player in glass recycling. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Strategic Materials do?

With a 125-year history, Strategic Materials, Inc. (SMI) is one of North America’s most comprehensive glass recyclers, with 42 locations in the United States, Canada, and Mexico. It is privately held, operating in Other, and is based in United States.

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