Dive Brief:

• Perpetual Recycling Solutions, based in Richmond, IN, was acquired by a group that has an Italian recycling equipment manufacturer, Sorema Plastics Recycling.
• The company now plans to focus on "special projects."
• Carter Smith, Perpetual’s CFO, said that the transaction “provides operational depth and expertise. It also provides a substantially stronger balance sheet and fiscal health.”

Dive Insight:

Perpetual doesn’t anticipate any changes in operations. The company does plan to stabilize then wants to expand production. The company specializes in converting bales into clear flake used in a variety of products such as food packaging, textiles, and beverage containers.