Close the Loop Ltd
CLG.AX
Australian Securities Exchange0.04
AUD
+0.00
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Close the Loop Ltd
CLG.AX
(Australian Securities Exchange)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
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- Close the Loop Ltd Close the Loop Limited (ASX:CLG) operates as a circular economy company focused on resource recovery and sustainable packaging solutions. The company collects, sorts, reclaims, and reuses complex waste streams, including electronic equipment, imaging consumables such as printer toner cartridges, cosmetics, eyewear, soft plastics, paper, cartons, batteries, and e-waste; it refurbishes IT assets like laptops, printers, teleconferencing equipment, and gaming devices through secure IT asset disposition (ITAD) services with certified data destruction and compliance frameworks. Close the Loop Ltd manufactures and supplies innovative packaging products, including flexible stand-up pouches, rigid cartons, flexographic print packaging, seafood packaging, bulk storage liners, and thermal paper; it also produces proprietary recycled materials such as TonerPlas, an asphalt additive from recovered toner and soft plastics, and rFlex, a recycled plastic resin, with operations spanning Australia, the United States, Europe, South Africa, and the broader Americas and EMEA regions. Founded in 2001 and headquartered at 43-47 Cleeland Road, Oakleigh South, Victoria 3167, Australia, the company serves global brands, governments, and industries through take-back programs and end-to-end circular solutions aimed at zero waste to landfill. It operates via two segments: resource recovery, which drives key revenue through waste diversion and material repurposing, and packaging, which emphasizes recyclable and compostable formats; the company recently expanded its European multi-vendor collection program launched in late 2023 across Benelux, Germany, and the UK with major print OEMs joining progressively, invested in a new Mexicali facility and ITAD inventory growth, and continues discussions for complementary acquisitions post-December 2024 while ceasing a potential takeover by Adamantem Capital in January 2025.