Dublin / Ireland-headquartered environmental-services and plastics company One51 (www.one51.com) has reported a 67% year-on-year increase in operating profit (EBITDA) to EUR 36.1m for 2015. Sales in the year rose by 32% to EUR 366m.

The company said its plastics division had performed successfully in 2015 with a solid underlying trading performance, the impact of the IPL acquisition in North America (see Plasteurope.com of 15.07.2015) and the full year impact and successful integration of Straight (Hull / UK; www.straight.co.uk), a manufacturer and distributor of waste and recycling solutions that was acquired by One51 in August 2014. The division generated operating profit of EUR 33.1m in the year, up from EUR 15.7m in 2014. Sales increased by 89% year-on-year to EUR 232m.

The plastics division is focused on the design, development and manufacture of a wide range of rigid plastic products serving a variety of market segments across a number of geographical markets.

Alan Walsh, One51 group chief executive, said: “2015 was a year of significant progress and continued growth for One51 as evidenced in particular by two key events, the group’s entry into the North American plastics market through the acquisition of IPL and the receipt of EUR 51.8m from our investment in Altas Investments. The integration of the IPL business with our OnePlastics Group remains a key priority and is progressing well. Over the past number of years, One51 has undergone a significant process of change and is now focused on operations in plastics and environmental services spanning three continents.”

Looking forward, the company said it had ended 2015 on a solid footing and that momentum has carried into 2016 to date. It expects profitable growth in the future and anticipates an increase in value over the medium term.