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Close the Loop & O F Packaging Merge to Form Close the Loop Group

Close the Loop & O F Packaging Merge to Form Close the Loop Group

O F Packaging and Close the Loop have merged to form Close the Loop Group.

In addition to the merger, the founder-led group will be listed on the Australian Stock Exchange (CLG) and has already gained great interest from the investor market and its joint lead managers.

With locations in Australia, Belgium, South Africa and the United States, Close the Loop Group aims to be a market leader in urban mining and extend its commodity collection offering. Reclaiming hard-to-recycle materials such as printer cartridges, e-waste, cosmetics and soft plastic waste will be key for moving toward a circular economy.

The Group will be reusing and recycling these materials into equivalent or secondary products, diverting waste from landfills and creating value throughout existing supply chains. This includes the TonerPlas product, which is an asphalt additive currently being used in the resurfacing of both the M80 and the Monash freeways in Victoria, Australia. These innovations allow the Group to expand its zero-waste-to-landfill targets and provide a key end market for reclaimed commodities.

From the creation of products and packaging using recyclable materials and recycled content, through to the development of takeback programs for brand owners and OEMs, Close the Loop Group will provide circular integrated solutions to brand owners and associated stakeholders.

Contributing positively to the environment while helping to meet global sustainability legislation are key tailwinds for Close the Loop Group and provide the opportunity to foster further positive societal change and, ultimately, reach the fundamental sustainability goals of its business units.

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