SAINT-JEAN-SUR-RICHELIEU, QC,
May 12, 2021 /CNW/ - Soleno is a
Canadian cleantech leader that develops sustainable solutions for
storm water management and is always looking for new opportunities
to innovate. Today, Soleno is announcing the acquisition of
Plastiques VPC, a start-up specializing in the recovery of
oil-contaminated plastics. The recycling industry is a key sector
to tackle climate change which makes this acquisition even more
important. It will also position the province of Quebec advantageously in the recycling
industry and will demonstrate its leadership in the fight against
climate change.
Circular economy at its best
The pandemic has highlighted Canada's heavy dependence on foreign supply,
in many sectors, plastic supply being no exception. It is with this
idea in mind that Soleno wants to develop innovative projects based
on circular economy which has been the core of all their practices
for many years. In addition to offering sustainable solutions for
companies needing to dispose of their contaminated plastics and
hazardous material, Soleno will give a second life to these
materials by integrating them into the manufacturing process of
high-density polyethylene pipes for stormwater management.
Present Across Eastern Canada
Annually, in Quebec and the
Atlantic Provinces, more than 3.5 million kg of oil and antifreeze
containers can be recycled. By acquiring Plastiques VPC, Soleno
will be the only company in Eastern
Canada able to recover materials from these territories in a
fully integrated manner, while ensuring exemplary traceability from
the beginning to the end of their life cycles. Thanks to this new
acquisition, Soleno will now be able to serve waste management and
hazardous material management companies, mechanical service
retailers, hardware stores, and agricultural businesses.
Quotes
"We are incredibly proud of this acquisition, which we are
announcing today despite the pandemic. Soleno has always known how
to innovate and evolve with clean technologies and the acquisition
of Plastiques VPC makes no exception. This is a great step forward
for us and the entire recycling sector, knowing that these
contaminated plastics will have a second life in sustainable
products made by
Soleno."
-Alain Poirier,
President of Soleno
"For Plastiques VPC, the union with the Soleno group represents
not only a collaboration with a partner of choice for the relaunch
of our activities, but also a business relationship sharing a
common vision on an economic, social and especially, environmental
level. We will offer a unique local solution and value chain to our
customers; a sustainable circular economy model! "
-Hugues Lamer, CEO
of Plastiques VPC
About Soleno
Soleno is a leader in the storm water management sector and one
of the largest recyclers of high density polyethylene (plastic #2)
in Eastern Canada. Over the years,
the company has developed a cutting-edge expertise in sustainable
solutions. Soleno manufactures and distributes a wide range of
products for the collecting, conveying, treating and storage of
stormwater for the infrastructure, residential, natural resources
and agricultural sectors. The majority of Soleno's products are
made of high density polyethylene, a light and resistant material
that can last for over 100 years. Today, Soleno represents a group
of four business units, including Soleno, Soleno Recycling, Soleno
Service and Soleno Textile, which employs 500 workers in 9
industrial sites in Quebec,
Ontario and New Brunswick. To learn more about Soleno,
visit soleno.com.
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Instagram: Soleno inc.
SOURCE Soleno