Pan-European investment Group, Aurelius, has announced the acquisition of UK-based compounder and recycler, Regain Polymers, for an undisclosed sum.
Regain is a leading bespoke compounder and recycler of post-use, rigid plastics. Founded in 1991, it operates from a single well-invested site at Allerton Bywater, near Castleford, Yorkshire. Regain reported turnover of £31m in 2014 and employs over 100 people.
This is the second recent acquisition of a UK plastics recycler for Aurelius, after it purchased PET bottle recycler, ECO Plastics, in December 2014.
“We are very pleased to be announcing this deal which adds a further plastics recycling business to our portfolio,” said Dirk Markus, Chief Executive of Aurelius Group.
“This positive partnership between Aurelius and Regain will create a strong commercial platform to support the Company’s current operations and longer-term strategic development. Aurelius has a strong track record in supporting growth and value creation in its investee companies. This, combined with our focus on operational improvement and experience in the plastics space, positions the Aurelius team very well to support the organic growth of Regain going forward.”
Regain has a strong track record in the extrusion of recycled rigid plastics. Its current compounding capacity across seven extrusion lines is approximately 46,000 MT per annum; the Company currently operates two wash plants and a material preparation facility with a capacity of 28,000 MT per annum.
“Regain is a robust and innovative business which has successfully met the evolving requirements of its clients for increasingly complex, technical and cost-effective compounding solutions with guaranteed end product quality,” said Tristan Nagler, Managing Director of Aurelius UK.
“We look forward to working with the Regain management team to further develop the Company’s market leading offering to take advantage of the growing demand for recycled content in plastics applications from retailers, brand owners and automotive OEMs looking to reduce the carbon impact of packaging and products.”