GreenDot acquires Italian advanced mechanical recycler Forplast SpA

08 Dec 2025 12:00 CET

OSLO, Norway Dec 8, 2025 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:
NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") reports GreenDot’s
acquisition of 80% of Forplast SpA, a quality Italian compounder of recycled
high-density polyethylene and recycled polypropylene products, expanding
GreenDot´s capabilities and business footprint. The all-cash transaction
included an initial payment in 2023 and a final payment made at closing, fully
funded by existing GreenDot cash reserves. Forplast is expected to make an
EBITDA contribution in 2026 and reach annual revenues of over 50m euros by 2030.


The transaction strengthens GreenDot's leadership in mechanical recycling of
household plastic packaging waste and in compounding quality recyclates back
into high-value plastic end products, with a focus on bottle-to-bottle and pipe
manufacturing. The integration provides Forplast with access to additional
plastic waste feedstock and gives GreenDot access to market-leading technical
knowledge that will be leveraged to improve quality and margins at GreenDot´s
existing mechanical recycling facilities. The investment further contributes to
the European plastic packaging circular economy objectives, to the industry
decarbonization challenges, and, in particular, to the 2030 recycled content
targets for plastic packaging under the EU Packaging and Packaging Waste
Regulation PPWR.

Laurent Auguste, GreenDot CEO, said: “We are delighted to have Forplast join the
GreenDot Group. Together, we will increase our offer to converters and brands of
true,100% bottle-to-bottle grade circular economy solutions. The expertise
developed by Forplast over the years is unique. GreenDot will enable Forplast to
meet its full business potential and contribute to broadening its market reach.
This integration confirms GreenDot’s ambition to take a leadership position in
mechanical recycling of plastic packaging in Europe. It also evidences the
attractiveness of the GreenDot team to entrepreneurs in the plastic recycling
industry at a time of great transformation of this market.”


ABOUT AGILYX

Agilyx ASA is a leading global investment platform supporting the development of
plastic waste feedstock supply to the recycling industry. Through its 44% stake
in GreenDot Global, Europe’s largest waste plastic recycling platform,
generating over EUR 400 million in annual revenues, Agilyx gains access to large
volumes of post-use plastic and advanced sorting and recycling infrastructure in
Germany, Austria, and Italy, helping supply critical European-sourced feedstock
to the European advanced recycling markets. Through Cyclyx, its (50%) joint
venture with ExxonMobil (25%) and LyondellBasell (25%), Agilyx supports the
collection and processing of post-use plastic waste into custom-formulated,
high-quality feedstock solutions for global plastic producers. Agilyx markets
Styrenyx, its proprietary advanced recycling technology, to recycle polystyrene
waste into recycled styrene monomers for reuse in new, high-quality products. By
enabling the shift from a linear “make-take-waste” model to a circular economy,
Agilyx helps solve the crisis of plastic waste and supports the global
transition to a low-carbon future.

Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/

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