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Speciality Plastics

SPHERE

Broader sector Private
Headquarters
Villeurbanne, FR
Segment
Speciality Plastics
Stories held
2
Last story
25 Sep 2026

SPHERE Group is a French maker of household and industrial packaging films and bags, including bio-based and compostable materials, operating 18 production sites across Europe. The group reported turnover of close to EUR 814m in 2025 and employs more than 1,800 people.

2 stories · 2026

SPHERE wins SBTi validation for its emissions targets

SPHERE has obtained validation from the Science Based Targets initiative for its climate goals, committing to cut direct and energy-related emissions by 58.8% and value-chain emissions by 35% by 2034. The group says roughly 98% of its carbon footprint arises from raw materials, transport and end-of-life treatment rather than its own factories.

Why this mattersExternal validation of emissions targets gives brand-owner customers a verifiable benchmark as EU sustainability disclosure and recycled-content rules tighten.

  • SPHERE has committed to cut direct and energy emissions by 58.8% and value-chain emissions by 35% by 2034
  • SBTi (Science Based Targets initiative) has validated the targets
  • About 98% of the group's carbon footprint stems from raw materials, transport and end-of-life treatment, not its factories
  • More than half of materials used by the group come from recycled sources
  • Its Zaragoza (Pedrola) site in Spain processes over 42,000 tonnes of material a year for recycling
  • The Pedrola plant runs on 100% renewable electricity and has solar capacity covering about 15% of daily plant energy use
SPHERE
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SPHERE acquires French industrial packaging maker Polyex

French household and compostable packaging group SPHERE has acquired the entirety of Polyex, a French manufacturer of extruded polyethylene sleeves, covers and bags for industrial clients. The deal extends SPHERE's reach beyond its traditional professional, public-sector and retail customer base and complements its existing subsidiary Alfaplas. Financial terms were not disclosed.

Why this mattersBolt-on consolidates SPHERE's push into industrial flexible packaging, broadening its customer base beyond retail and public-sector channels.

  • SPHERE acquired 100% of Polyex, announced 19 September 2026.
  • Polyex extrudes polyethylene-based sleeves, covers and bags for industrial customers.
  • The deal complements SPHERE's existing subsidiary Alfaplas.
  • SPHERE has been backed by investment firm Hivest Capital Partners since 2024.
  • Terms of the transaction were not disclosed.
  • Law firm August Debouzy advised on the transaction across corporate, tax, contract, financing and employment matters.
SPHERE Hivest Capital Partners counterparty
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