The plastics recycling company Quantafuel is now selling all its shares in Geminor back to the founders, who thereby secure 100 percent ownership of the resource management company.
In 2020, one of the leading companies in the chemical recycling of plastics in Europe, Quantafuel, acquired 40 percent of the shares in the Norwegian resource management group Geminor. The acquisition tied the companies closer together and strengthened the recycling of waste plastics in the Nordics.
The same share of stock has now been sold back to the founder and CEO of Geminor, Kjetil Vikingstad, and co-owner Ralf Schöpwinkel. Hence, the two have secured sole ownership of the company, as before the Quantafuel acquisition in 2020.