K.B. Recycling Industries Ltd. (TSXV:AKMY) agreed to acquire Plasticos Flome Sl for €1.8 million on April 27, 2022. As a condition to the closing of the acquisition, Flome will receive a payment of €0.0247 million in respect of shareholder debt which shall either be paid directly to Flome by the sellers or will be remitted directly to Flome by Alkemy at the closing of the acquisition and, in such case, such amount shall be subtracted from the purchase price received by the sellers. Alkemy shall have the option to pay 10% of the purchase price by issuing ordinary shares in the capital of Alkemy to the sellers.

Maximo Olivas has been appointed Chief Executive Officer of Flome. Transaction is subject to the approval of the TSX Venture Exchange and the fulfilment of customary closing conditions.