Visy buys collapsed Victorian recycling business

Australia’s biggest recycler, Visy, has acquired the assets of Advanced Circular Polymers (ACP), after its collapse late last year.

Located in Somerton, Melbourne, ACP reprocessed plastics from kerbside recycling collections, with the facility having the capacity to sort and process more than 30,000 tonnes of plastics annually to be sold for reuse. 

Visy has signed a five-year lease with the landlord of the facility.

Mark De Wit, CEO of Visy, said Visy is preventing these hard-to-recycle plastics from going to landfill.

“We’ll be on site from this week to begin the clean-up process. We are committed to processing the over 1,000 tonnes of unprocessed material on the site.”

Visy will send some of the material to its world-class food-grade recycled plastics manufacturing site in Smithfield, New South Wales to be reprocessed for food-grade rPET and rHDPE containers.

In 2022, Visy completed a $29 million multi-state investment to divert up to 38,000 tonnes of plastic from going to landfill or being exported overseas each year, the equivalent of 1.9 billion plastic bottles.

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