TOMRA has entered into an agreement for the sale of its 49 % stake in UltrePET LLC to Evergreen Recycling LLC.
The sales price of ~11 million USD is expected to generate a gain off ~5 million USD and will be reported as “profit from associates” in 4th Quarter 2021.
UltrePET is a North American recycler of PET located in Albany, NY. The company recycles polyethylene terephthalate and other plastic resins and supplies products in pellet and flake form for high quality applications.
For questions, please contact:
Deputy CEO and CFO Espen Gundersen +47 97 68 73 01
This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.