O F Packaging has announced a new merger with Close the Loop, a sustainability solutions provider, to form Close the Loop Group.
In addition to the merger, the group is being listed on the Australian Stock Exchange and has already gained great interest from potential investors and JLMS.
With locations in Australia, Belgium, South Africa, and the United States, Close the Loop Group aim to be a market leader in urban mining and extend our already impressive commodity collection offering.
Reclaiming hard to recycle materials such as printer cartridges, e-waste, cosmetics, and soft plastic waste will be key for moving towards a circular economy.
The group will be reusing and recycling these materials into new or secondary products, diverting waste from landfill and creating value throughout existing supply chains.
This includes the TonerPlas product, which is currently being used to resurface both the M80 and the Monash freeway.
From the creation of products and packaging using recyclable materials and recycled content, through to the development of collection systems for brand owners and Original Equipment Manufacturers (OEMs), Close the Loop Group will provide circular integrated solutions to brand owners and associated stakeholders.
Contributing positively to the environment while helping to meet global sustainability legislation are key tailwinds for Close the Loop Group, and provide us the opportunity to foster further positive societal change, and ultimately reach the fundamental sustainability goals of our business units.
Please feel free to get in touch to learn more about the merger, and more information on Close the Loop Group and O F Packaging can be found at our Group website here: