By acquiring International Recycling, Ciparo said it now had a strong foothold in what it sees as an “important market with plenty of potential.”
Ciparo BV and International Recycling Ltd have been trading recovered paper and plastics together for over 10 years. Over the past few years the relationship between the two companies has grown stronger. Ciparo also trades recovered metals.
Ciparo's director and co-founder, Joris de Caluwe, said: “After the increased cooperation, it was a logical next step that Ciparo should acquire International Recycling Ltd. We see that the paper and plastics market is changing. Competition is growing, and bundling our strengths is the right way forward.”
China
Ciparo distinguishes itself from other trading companies by having five local offices in China – in Beijing, Tianjin, Qingdao, Shanghai and Guangzhou. The company has also recently expanded into Vietnam, opening offices in Hanoi and Ho Chi Minh.
With the takeover, Ciparo has also acquired a considerable share in International Recycling's sister company, Australian Resource Management (ARM). ARM specialises in harvesting and exporting Australian forestry products to China.
The two parting shareholders of International Recycling, Danny Stephens (ex-Lawsons) and Maarten Kleiweg de Zwaan (ex Warminger and BPB), said they wished Ciparo all the best for the future. Maarten Kleiweg de Zwaan will become a consultant for Ciparo.
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