Under the terms of the agreement, HydroDyn will retain its operational independence while working closely with NEXT GENERATION GROUP, by using a high synergy potential. This collaboration will allow both companies to leverage their expertise and resources to deliver comprehensive and efficient end-to-end plastic recycling solutions that address the evolving needs of customers in the recycling machinery market. The shared objective is to prioritize the attainment of specific polymer characteristics that are essential for a diverse array of commodity applications, in order to effectively substitute virgin plastics.
"By joining forces with HydroDyn, NEXT GENERATION GROUP is well-positioned to meet the increasing demand for integrated plastic recycling solutions," stated Josef Hochreiter, CEO of Next Generation Holding GmbH. "HydroDyn's proven track record and innovative technology make them an ideal partner as we strive to lead the way in driving sustainable recycling practices."
The acquisition provides HydroDyn with access to NEXT GENERATION GROUP´s extensive global network, unlocking new opportunities for growth and expansion. Michael Hofmann, CEO of HydroDyn, expressed his enthusiasm about the partnership, saying, "Joining the group not only gives us access to a world-class network but also provides the financial backing and stability needed to realize our ambitious growth plans. Together, we can make a greater impact on plastic waste reduction."
