Mid-market investor Aurelius has acquired post-use rigid plastics recycler Regain Polymers from Chamonix Private Equity for an undisclosed amount.
Regain Polymers operates from Allerton Bywater, near Castleford, Yorkshire, UK, and provides recycling services to the automotive, environmental, horticultural, packaging and construction industries.
Aurelius Group board member Gert Purkert said: "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."
With more than 100 employees, Regain processes high-density polythylene (HDPE), polypropylene (PP), talc-filled polypropylene (PPT) and polystyrene (PS) polymers.
It has a compounding capacity of 46,000t annually across seven extrusion lines.
Regain operates two wash plants and a material preparation facility with a capacity of 28,000t annually to remove contaminants, paper, metal and dirt prior to reprocessing.
Aurelius UK managing director Tristan Nagler said: "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.
"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."
Last December, Aurelius acquired PET recycler ECOPlastics.
Image: Regain Polymers provides recycling services to the automotive, environmental, horticultural, packaging and construction industries. Photo: courtesy of Natara via FreeDigitalPhotos.net.