Sibelco completes acquisition of Strategic Materials, Inc. to enter North American glass recycling industry
Apr 23, 2024•about 1 year ago
Acquiring Company
Sibelco
Acquired Company
Strategic Materials
Description
Sibelco, a global leader in material solutions and glass recycling, has signed a definitive agreement to acquire Strategic Materials, Inc. (SMI), a leading glass recycler and producer of glass cullet in North America. This acquisition represents an opportunity for Sibelco to expand its operating footprint in North America and establish itself as a glass recycling leader in both Europe and North America.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed