Close the Loop Ltd (ASX:CLG) agreed to acquire In-Plas Recycling for $4 million on January 17, 2023. As per the terms of the transaction, $3 million is payable at completion and $250,000 is payable per annum for four years. The acquisition is funded from Close the Loop's existing cash and bank debt. The deal is expected to take place on January 31, 2023. The transaction is expected to be immediately earnings accretive, adding $1.1 million to CLG's EBITDA on a trailing 12-month basis. As on February 24, 2023, the transaction is expected to complete on February 28, 2023.

Close the Loop Ltd (ASX:CLG) completed the acquisition of In-Plas Recycling on March 3, 2023.