Selenis, the specialty copolyester producer owned by IMG Group, has acquired the production assets of Greece's Polisan Hellas, to be installed in Portugal. The deal, announced 8 October 2026, is part of a plan to take installed specialty copolyester capacity across Portugal, Italy, Tunisia and the US above 200,000 tonnes a year by 2028. The company is also evaluating bio-based capacity in Germany and DMT-based textile recycling in Tunisia.
Why this mattersAdding continuous polymerisation to Selenis's batch base lets it compete on cost in high-volume packaging resin grades while offering converters multi-site supply security.
- Selenis acquired the production assets of Polisan Hellas in Greece for installation in Portugal.
- Deal announced 8 October 2026.
- Installed specialty copolyester capacity to exceed 200,000 tonnes a year by 2028.
- Production footprint spans Portugal, Italy, Tunisia and the United States.
- Continuous polymerisation, newly added via the deal, lowers conversion cost per tonne versus batch for standard grades used in shrink sleeves, film and sheet.
- IMG Group is evaluating further investment in bio-based capacity in Germany and DMT-based textile-to-textile recycling in Tunisia.
Selenis has acquired the production assets of Greece's Polisan Hellas, to be installed at its Portugal site. The deal adds continuous polymerisation capacity to Selenis' existing batch-based manufacturing base and will lift its total specialty copolyester capacity to more than 200,000 tonnes a year by 2028 across Portugal, Italy, Tunisia and the United States.
Why this mattersAdding continuous-line capacity gives Selenis a lower-cost route into high-volume shrink sleeve and film grades, competing more directly with larger resin suppliers.
- Selenis acquired the production assets of Polisan Hellas in Greece.
- The assets will be installed at Selenis' plant in Portugal.
- Total installed specialty copolyester capacity is set to exceed 200,000 metric tonnes a year by 2028.
- Selenis' manufacturing footprint spans Portugal, Italy, Tunisia and the United States.
- The deal adds continuous polymerisation technology alongside Selenis' existing batch production.
- Priority markets named are shrink sleeves/film, healthcare (Selcare), 3D printing (Mimesis) and textile-to-textile recycling (Texnascis).
- Financing for the Polisan Hellas asset acquisition was fully secured by parent IMG Group
- Selenis is evaluating a new bio-based materials investment in Germany
- Selenis is evaluating a textile-to-textile recycling investment in Tunisia using DMT technology
IMG Group has launched the Everbio Innovation Hub in Portugal, backed by EUR 15m (USD 17.1m) in financing from C2 Capital Partners. The hub brings together group units Evertis, Selenis, Renascis and Renewis to develop circular and bio-based polymer technologies, including a solvent-free delamination process for recovering PET from multilayer plastic waste.
Why this mattersA working solvent-free route to recycled-content PET from multilayer waste could unlock compliance options for packaging currently deemed unrecyclable.
- C2 Capital Partners provided EUR 15m (USD 17.1m) in financing for the Everbio Innovation Hub
- The hub is located in Portugal and combines IMG Group units Evertis, Selenis, Renascis and Renewis
- Key technology is the solvent-free perPETuity delamination process, targeting virgin-quality PET recovery from complex multilayer plastic waste
- The hub aims to commercialise next-generation recycled and bio-based polymer materials
