Alkemy acquires companies oceansix and Plasticos Flome

June 17, 2022

On June 17, 2022, Alkemy (K.B. Recycling Industries Ltd.) (“Alkemy”), (TSXV: AKMY), (TSXV: AKMY.WT) announced the closing of its purchase of oceansix GmbH (“oceansix”), a Germany based company focused on developing technologies and product solutions from recovered materials, from RAM.ON finance GmbH (“RAM.ON finance”), a company beneficially owned by Mr. Gat Ramon, the founder and MD of the CABKA Group GmbH (“CABKA”). CABKA is a leading recycling corporation specializing in transforming post-consumer and post-industrial waste into material-handling solutions.

The transaction follows the completion of another successful acquisition on June 14, 2022, wherein which Alkemy acquired 100% of the shares of Plasticos Flome S.L. (“Flome”), a plastics manufacturing company operating in Valencia, Spain. The acquisition is an arm’s length transaction that is expected to enable Alkemy to extend its activities and the sale of its portfolio of products into the European market.

Alkemy is a leading environmental technology company based in Israel. Alkemy has developed a unique plastic recycling process to recycle plastic bags and sheets traditionally not considered economically viable for recycling and as such have become one of the largest plastic pollutants in the world.

Miller Thomson advised Alkemy on both acquisitions with a team led by Lawrence Wilder (Capital Markets & Securities), and comprised of Mack Hossenian and Christopher Fallis (Capital Markets & Securities).

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