UK – Industrial decarbonization-focused private equity firm, Ara Partners has completed the acquisition of UK-based producer of sustainability-focused beverage packaging solutions, Petainer.
According to Ara Partners, Petainer has been acquired in partnership with Petainer management and affiliates of private equity firm Next Wave Partners. The financial terms of the deal have not been disclosed.
Founded in 2009, Petainer develops and manufactures sustainable PET solutions for customers in the soft drinks, beer, water and other consumer packaged goods sectors, enabling them to reduce their carbon footprint.
The Company has particular strengths in refPET (multiple-use, refillable bottles), rPET (recycled PET) and circular applications.
Led by CEO Hugh Ross, Petainer operates a network of eight sites in Europe, the Americas and Asia to serve blue-chip customers worldwide.
“Petainer is a compelling addition to Ara’s portfolio of companies working to decarbonize the packaging industry through technical innovation and best practices,” noted Christopher Picotte of Ara partner.
“From its product leadership in the refPET and rPET markets to the certified carbon-neutral manufacturing, the company has consistently achieved success in decarbonizing both its products and its own operations. We look forward to working with Hugh and his team and supporting Petainer in its future growth.”
Ara specializes in industrial decarbonization investments and has invested in the industrial and manufacturing, chemicals and materials, energy efficiency, green fuels, and food and agriculture sectors.
The company said that the acquisition will increase Petainer’s ability to invest in expansion alongside its multinational customers.
“Ara’s investment focus on industrial decarbonization and its expertise and existing presence in the plastics recycling industry in Europe and the Americas make them a uniquely valuable partner for Petainer,” said Hugh Ross, CEO of Petainer.
“Ara’s ownership will significantly enhance Petainer’s ability to invest in expansion alongside our multi-national customers as these customers implement their global sustainability and circularity strategies.”
Earlier this year, Ara Partners’ portfolio company Repeats invested in Anviplas, a firm that produces recycled low-density polyethylene (LDPE).
Anviplas converts plastic waste into high-quality resin using mechanical processes for use in commercial and industrial applications.
The platform aims to address supply shortages and increase Europe’s LDPE recycling capacity while helping countries achieve industry sustainability and net-zero targets.
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