CLG – Close the Loop


Close the Loop Limited (CLG) is an established operator in resource collection and recycling in Australia, Europe and the United States. Upon Listing, Close the Loop will have completed a Merger with the O F Packaging Group businesses, the core of which is the engineering of flexible packaging. The O F Packaging Group provides innovative flexible and carton packaging, printing and related sustainability solutions to domestic and international customers of all sizes.

The Merger and Listing will establish the Close the Loop Group as an Australian‑based participant in the global circular economy for plastic packaging, processing, recycling and refurbishment of print toner cartridges and other consumable products. The Close the Loop Group intends to provide an end‑to‑end solution, from design and manufacturing, through to collection and recovery, processing, recycling, and production of secondary products.

The entities that together comprise the Close the Loop Group on completion of the Merger will employ more than 240 people across sites in Australia, the United States, Belgium and South Africa. Following its Listing, the Close the Loop Group intends to make further strategic acquisitions where attractive opportunities arise.

Upon Listing, the Close the Loop Group’s aim is to be a market leader in the circular economy, end‑to‑end solutions for reducing waste to landfill and getting recycled content back into new products.

It is anticipated that CLG will list on the ASX on 2 December 2021.

 



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