TC Transcontinental Acquires Assets of Enviroplast to Further Circular Economy Goals
Flexible packaging manufacturer TC Transcontinental announced the acquisition of the assets of Enviroplast Inc., a 25-year-old company based in Anjou, QC, dedicated to recycling flexible plastics. The equipment acquired will be used to convert plastic waste recovered from sorting facilities and other commercial, industrial, and agricultural sources into plastic pellets.
“The circular economy is the way of the future,” said Sylvain Levert, Senior Vice President, Recycling Group, TC Transcontinental Packaging. “This equipment acquisition is part of our goal to vertically integrate the recycling of plastics into our packaging production chain in Canada, the United States, and Latin America, ultimately ensuring stable procurement of recycled resin. We are proud of this first step and are counting on the collaboration of public and private stakeholders to meet the plastic recycling challenge, and to promote the creation in Quebec of a center of expertise in the circular economy of plastics.”
The corporation’s goal, which mirrors the goal of many of its customers, is to differentiate itself by offering eco-responsible packaging products that contain recycled plastic content, to accelerate their development, and to create a true circular economy of plastic that is beneficial from an environmental, economic, and social standpoint. Flexible plastic packaging ensures optimal product protection, facilitates transportation, and helps extend product shelf life. In addition the Recycling Group contributes to TC Transcontinental’s objectives as a signatory of the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, including increasing the use of post-consumer recycled content across its entire portfolio of flexible plastic packaging products.
TC Transcontinental has approximately 8,500 employees, the majority of whom are based in Canada, the United States, and Latin America. The company reported revenues of more than Canadian $3 billion for the fiscal year ended October 27, 2019.