BIFFA has completed the acquisition to merge its UK PET recycling operations with Esterform – an UK PET pre-form and bottle manufacturer.
This move has been described as creating a ‘sophisticated’ end-to-end circular PET packaging business ahead of the 2027 launch of the UK’s Deposit Return Scheme, which is tipped to drive an increase in PET drinks bottles available for recycling.
Under the terms of the transaction, Biffa has completed the acquisition of Esterform following an initial investment in 2023.
Esterform’s manufacturing sites in West Yorkshire and Worcestershire take recycled PET pellets to make test tube-shaped pre-forms which are blow-moulded into bottles and containers for drinks, food, personal care, and household products.
Esterform and Biffa’s existing PET recycling operations – which will now trade under the Esterpet brand – will be held as a wholly owned portfolio business within the Biffa Group, led by Esterform’s founder Mark Tyne and his management team.
Biffa’s HDPE and PP recycling operations at Redcar – including its closed loop recycling solution for HDPE milk bottles – will continue to trade as Biffa Polymers under MD James McLeary.
Michael Topham, Biffa’s CEO, said, “After making a successful initial investment in Esterform in 2023, we have now completed the acquisition to strengthen our capabilities in closed-loop PET recycling and packaging. Combining Biffa’s PET recycling assets with Esterform’s manufacturing expertise and capabilities creates a sophisticated end-to-end circular PET packaging solutions provider ahead of the introduction of the UK’s Deposit Return Scheme.”
Mark Tyne, Esterform’s founder and director, added, “This marks an exciting new chapter for Esterform. Becoming a wholly owned part of the Biffa Group allows us to accelerate our vision of delivering high-quality, circular PET packaging solutions for the UK market. With continued investment and support from Biffa, we’re well-positioned to meet the growing demand for sustainable packaging ahead of the Deposit Return Scheme, while maintaining the expertise and agility that our customers value.”
