GreenDot acquires Forplast, expands European recycling capabilities

GreenDot has acquired an 80% stake in Forplast SpA, an Italian compounder specializing in recycled high-density polyethylene and polypropylene. The all-cash transaction was funded by GreenDot's existing reserves. Forplast is projected to contribute to GreenDot’s EBITDA in 2026 and achieve annual revenues exceeding €50 million by 2030.

This acquisition enhances GreenDot's leadership in mechanical recycling of household plastic packaging, focusing on bottle-to-bottle and pipe manufacturing. The integration grants Forplast access to more plastic waste feedstock and provides GreenDot with market-leading technical knowledge to improve quality and margins at its existing facilities. This move supports European circular economy objectives and 2030 recycled content targets under the EU Packaging and Packaging Waste Regulation.

Agilyx ASA holds a 44% stake in GreenDot Global, which generates over €400 million in annual revenues, giving Agilyx access to significant plastic waste volumes and recycling infrastructure across Germany, Austria, and Italy.