Radici Pietro has bought 26% of the shares TurfRecyclers, and Italian-based company that supplies machinery to recycle synthetic turf as well as synthetic turf recycling services on-site.

TurfRecyclers was one of the companies discussed in this article in which we discuss the recycling trends around the world.

The move not only gives Radici Pietro control over TurfRecyclers but also aligns with its Environmental, Social, and Governance (ESG) objectives, marking the company’s first post-listing merger and acquisition (M&A) transaction. The company’s CEO, Ivan Palazzi, hailed this development as the beginning of a new chapter, emphasizing the strategic importance of this acquisition in bolstering Radici Pietro’s commitment to sustainable growth.

Strategic Importance of Acquisition

Apart from an expansion, Radici Pietro considers the move a strategic move towards sustainability. The TurfRecyclers activities resonates with Radici’s ESG priorities. Ivan Palazzi, Radici’s CEO, stated that this transaction is both strategic and synergistic, potentially setting the company on a path to a more sustainable future. The deal underlines Radici’s dedication to pursuing long-term growth by embedding ESG principles at the core of its business operations.