TOMRA acquires CLYNK to expand North American recycling presence

TOMRA has agreed to acquire all assets of C&C Consolidated Holdings, LLC, operating under the CLYNK brand, a leading U.S. provider of "bag drop" solutions for beverage container collection. This acquisition strengthens TOMRA's presence in the North American market, complementing its existing reverse vending infrastructure. C&C, founded in 2006, primarily operates in the northeastern U.S. and facilitates deposit refunds via a digital platform integrated with retailers.

C&C has demonstrated robust financial performance, with revenues growing over 15% annually between 2020 and 2024, reaching approximately €25 million over the last 12 months. TOMRA will pay an upfront consideration of $45 million, with an additional earn-out of up to $15 million contingent on performance milestones through 2027.

The purchase price implies an expected 2027 EV/EBITA multiple below 10x. The acquisition, to be financed on a debt basis, is expected to close before the end of the third quarter 2025. This move aligns with TOMRA's mission to lead the resource revolution and create significant synergies with its existing infrastructure.