18:03 1 April 2025
Recykl Group has acquired Lithuanian APG for €3.6 mln
Poland’s Grupa Recykl, a leader in used tire recycling in Central and Eastern Europe, has signed its first foreign acquisition deal to purchase 100% of Lithuanian company APG for approx. €3.6 million. APG, the largest tire recycling operator in the Baltic region (20,000 tons/year), will strengthen Recykl’s raw material independence and expand its market reach in Lithuania, Latvia, and Estonia. The acquisition includes staged payments through 2028 and plans for future CAPEX of €1 million.
Recykl may also build a full recycling plant in Lithuania. In 2024, APG earned €2.14 million in revenue and €0.4 million net profit. Recykl is also exploring a second M&A deal in Germany and continues growing export sales of its SMAPOL additive and rubber powders.
