** Polygreen expands the portfolio of services it provides in the logistics field, by investing in facilities, equipment and expertise in waste collection and transport.
** It is the second major acquisition Polygreen has accomplished in 2022, just six months after acquiring the company Vasilakopoulos Recycling S.A.
Athens, July 20th 2022 - The acquisition of the company Environmental Transport S.A. (PERME HELLAS), was announced today by Polygreen, a leader company that focuses on environmental protection. With this new acquisition, Polygreen further complements the services it offers, by gaining a more important footprint in the logistics sector, as well as in infrastructure which includes waste collection and transport facilities and equipment. This acquisition is the company's second significant investment in 2022, and it comes right after the acquisition of the Vasilakopoulos Recycling Company, which took place last March.
With the acquisition of the PERME HELLAS Company, Polygreen strengthens and upgrades its assets with significant infrastructure, including a fleet of approximately 70 collection vehicles, over 800 temporary storage containers and 4 privately owned waste management facilities. At the same time, Polygreen enriches its human resources with over 200 employees, with expertise and advanced know-how in the field of waste management. Additionally, it maintains the significant partnership portfolio held by PERME HELLAS, which includes contracts with alternative recycling systems. The General Manager of Polygreen, Mr. Lavrentis Alvertis made the following statement: "The incorporation of PERME HELLAS in the Polygreen family, fills us with great pride, as we are acquiring one of the healthiest and most esteemed companies in the field, which was founded and established more than 20 years ago, by Spyros Karouzos with his great passion and hard work. With the acquisition of PERME HELLAS, the core of logistics will evolve, which will accelerate the development of the overall product we provide, by further verticalizing the services we offer to our clients. This will be as well the direction of our next investment projects in Greece, with the aim of continuously strengthening our position in the environmental protection field."