06 Sep 2022 --- Greiner Packaging is acquiring Serbia-based producer of PET flakes Alwag and is thereby broadening its business portfolio, adding the first recycling company to the group. The purchase of Alwag, which will be renamed Greiner Recycling, sees Greiner expand its business model by entering the business of reprocessing recyclable materials. Greiner Packaging says the acquisition represents a “direct reflection” of the company’s efforts to boost environmental sustainability. In purchasing the PET flake producer, Greiner Packaging is pushing ahead with the expansion drive it has embarked on in recent years and resolutely pursuing its circular economy goals. The Alwag takeover means Greiner Packaging now has three locations in Serbia: one recycling company and two manufacturing bases.
