Sotipapier S.A Acquires 70% Stake in Eco-Gad Suarl, a Tunisian Recycling Company

On May 17, 2024, Sotipapier S.A announced the acquisition of 70% of Eco-Gad Suarl, a Tunisian company specializing in the recycling of paper, cardboard, and plastic waste. This transaction includes an option for a total acquisition of Eco-Gad.

Eco-Gad's Operations and Innovations

Currently, Eco-Gad operates six strategically located collection and treatment centers across Tunisia. The company is also recognized for its innovative application that facilitates the collection of recyclable waste.

Strategic Objectives of the Acquisition

For Sotipapier, this acquisition aims to optimize its recycling infrastructure and reduce its dependence on fluctuations in recyclable material prices. The alliance also plans to expand Eco-Gad's operations in Tunisia, with the planned opening of new treatment centers.

This strategic move is expected to strengthen Sotipapier's position in the recycling industry, while promoting sustainable practices and reducing waste in Tunisia.