Schoenherr has advised Borealis AG on the agreement to purchase Bulgarian polyethylene and polypropylene recycler Integra Plastics. Boyanov & Co and CMS reportedly advised on the deal as well.
Headquartered in Vienna, Borealis AG is a provider of advanced and circular polyolefin solutions and a provider of base chemicals, fertilizers, and the mechanical recycling of plastics. The company employs around 6,000 people and operates in over 120 countries. It generated a net profit of EUR 2.1 billion in 2022.
According to Schoenherr, "Integra Plastics JSC is one of the most advanced plastics recycling companies in Europe, producing high-quality PCR resins. It specializes in the production of top-quality low-density polyethylene, high-density polyethylene, and polypropylene granules, with color variation and an annual capacity of 30,000 metric tons."
The Schoenherr team was led by Partner Alexandra Doytchinova and Attorney at Law Katerina Kaloyanova-Toshkova.