The new financing will enable us to continue the company’s journey towards building 24 factories worldwide and help us achieve our goal of providing sustainable solutions for our customers by recycling their artificial turf pitches and turning them into valuable resources in new production cycles.

Although a significant turning point for Re-Match, this is not the only good news – far from it. Re-Match has also delivered to plan with the successful and timely construction of a new factory in the Netherlands. The run-in is going as planned, and the factory can already deliver the expected capacity and quality which instills confidence in the continued expansion of the company. Re-Match’s CEO, Nikolaj Magne Larsen explains: “This being the first recycling plant built based on our new factory blueprint, already confirms to us that the most important factor for profitability in our growth strategy is on track and provides strong indications as to what can be expected from the fully funded French factory currently under construction – and the ones yet to be built.”

The year 2022 also presented significant investments and expenditures for the company; the construction of factories, recruitments in the Netherlands, establishment of an international group project organisation, unexpected increases in energy prices and subsequent temporary shutdown and maintenance of the Herning-factory – all took their toll on the finances. “With the capital injection from Verdane and Nordic Alpha Partners, the funding of both our short-term operations and long-term strategic expansion plans has been secured. So, we are happy to continue our commitment to being part of the global green transition and thank all our partners for their strong and constructive cooperation and look forward to continuing our good relations,” Nikolaj Magne Larsen concludes.