One51 eyeing further purchases

One51 is eyeing acquisitions in North America and mainland Europe as it continues to sharpen its focus on its core plastics operations.

The Dublin-based group yesterday formally confirmed long-running speculation that it is planning to sell its ClearCircle business, which acts as its environmental services division in Ireland and Britain. A sale, most likely to existing ClearCircle management, will free One51 up to fully concentrate on its plastics business.

“Our challenge, now, is to continue to grow our plastics operations, both organically and through acquisition, while continuing to integrate our previous acquisitions,” said group chief executive Alan Walsh.