Mergers and Acquisitions

Total acquires Iber Resinas. TotalEnergies has acquired Iber Resinas, a Spain-based company that focuses on mechanical plastic recycling.

Total aims to expand its production of circular polymers in Europe and diversifying its recycled product offerings.

By bringing together its expertise in polymers and Iber Resinas’s know-how in recycling, TotalEnergies hopes to develop high-quality, sustainable products.

The acquisition is a significant step towards TotalEnergies’ goal of increasing the use of circular polymers in its plastics production to 30% by 2030 and promoting a circular economy for plastics.

DuPont acquires Spectrum Plastics. DuPont, a chemical company, has announced the acquisition of Spectrum Plastics Group from AEA Investors, a private equity firm, for a sum of $1.75 billion.

The deal is expected to be completed by the end of Q3 2023, contingent on regulatory approvals and other closing conditions.

Spectrum is a well-known company in the advanced manufacturing of specialty medical devices and components.

The acquisition is likely to strengthen DuPont’s position in healthcare markets with low cyclicality.

The company is anticipated to earn about 10% of its consolidated revenue from healthcare following the acquisition.

AEA Investors LP is a private equity firm managing $19 billion of invested and committed capital.

DuPont is a global innovation leader offering technology-based materials and solutions that transform industries and everyday life.