Coca-Cola bottler Arca Continental has acquired Mexican recycling firm PetStar

Coca-Cola bottler Arca Continental has acquired Mexican recycling firm PetStar

Arca Continental, the company formed through the merger of Embotelladoras Arca and Grupo Continental, has acquired Mexican recycling firm PetStar.

The purchased, announced yesterday (5 October), will allow the Coca-Cola System in Mexico to double its recycled PET processing capacity, the Mexican bottler said. No financial details of the deal were disclosed.

This is the first acquisition for Arca Continental since the company was formed in a merger deal in May.

PetStar is a PET recycling business and subsidiary of Promotora Ambiental. The company processes around 30,000 tons of PET annually.

In July, Arca recorded a 29.3% rise in first-half profits, driven by increased volume across all territories. The company completed the merger deal in June.