Recykl Group

Recykl acquires APG Lithuania in a significant step to boost tire recycling infrastructure across the Baltic region and advance circular economy goals.

Poland’s Grupa Recykl, a leading player in tyre recycling in Poland and Central and Eastern Europe, has signed its first foreign acquisition deal, purchasing 100 percent of Lithuanian company APG for approximately €3.6 million.

APG is believed to be the largest tire recycling operator in the Baltic region, processing approximately 20,000 tons per year, and will strengthen Recykl’s raw material independence while expanding its market reach in Lithuania, Latvia, and Estonia.

The acquisition includes staged payments through 2028, with plans for future capital expenditures (CAPEX) of €1 million.

Recykl may also build a complete recycling plant in Lithuania. In 2024, APG earned €2.14 million in revenue and €0.4 million in net profit.

Recykl is also exploring a second M&A deal in Germany and continues to grow its export sales of its SMAPOL additive and rubber powders.

Source: Warsaw Business Journal