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Schoenherr advised Altstoff Recycling Austria AG (ARA) on the negotiation and conclusion of a cooperation agreement for the construction of a new high-performance high-tech sorting plant in Upper Austria with DSD - Duales System Deutschland (Der Grüne Punkt) and Bernegger GmbH.
With this new sorting plant for lightweight packaging in the "Rohstoffpark-Enns", around 100,000 tons of lightweight packaging per year from the yellow garbage cans and the yellow bags are to be processed for subsequent recycling from 2025 onwards. The joint venture partners are thus taking an important step towards achieving the EU recycling targets from 2025.
"We are pleased that we were able to assist ARA in this important joint venture project for more climate protection to achieve the EU recycling targets from 2025," said Sascha Hödl, Corporate/M&A Partner at Schoenherr.
For almost 30 years, Altstoff Recycling Austria AG has been working as a driving force of the Austrian waste and recycling industry and is the market leader among the collection and recycling systems for packaging, waste electrical equipment and batteries. With its subsidiaries, ARA is today regarded as an international best practice, and as a partner of the economy, develops customised disposal solutions in the waste and recycling industry, from de-commitment and material flow management to circular design and digitisation of the recycling industry. ARA AG serves more than 15,000 customers, is owned by domestic companies, and operates as a non-profit company.
The Schoenherr team was led by Sascha Hödl (partner) and also consisted of Hanno Wollmann (partner), Stefan Holub (associate) and Christoph Cudlik (attorney at law).
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