Soros-Backed Fund Buys Stake in Plastics Recycler

Date: November 28, 2012

Source: News Room

An investment fund controlled by George Soros has taken a majority stake in a German plastics recycling business that intends to expand its US business. The fund Silver Lake Kraftwerk has invested 31 million Euros for a majority stake in recycled plastics company Friedola Tech. Friedola hopes to capitalize on increased demand from auto makers and other manufacturers looking for cheaper and more sustainable materials to incorporate in their products.

To learn more about Silver Lake Kraftwerk, visit:

To learn more about Friedola Tech, visit:

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