Total Acquires French Plastics Recycler Synova
February 18 2019 - 4:58AM
Dow Jones News
By Patrick Costello
Total SA (FP.FR) said Monday that it acquired Synova, a French
plastics recycling company focused on the automotive sector.
The deal will enable Total to combine its polymers know-how with
Synova's recycling expertise, increasing the supply of recycled
polypropylene available for automotive applications as a result,
the French energy major said.
Synova produces 20,000 tonnes of polypropylene annually from
recycled plastics, Total said.
The financial details of the transaction were not disclosed.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
February 18, 2019 05:43 ET (10:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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