Leygatech produce more than 34,000t of flexible films per year, servicing agri-food, pharmaceutical and other industrial clients. Credit: Matveev Aleksandr via Getty Images.

With the support of Unigrains and Carvest, Leygatech will accelerate the market trend towards recyclable mono-material films.

As minority owners, Carvest, the regional investment structure of Crédit Agricole Group, and Unigrains, the agri-food specialist investor, have joined Leygatech, the leading French company in recyclable plastic packaging films with high barrier functionalities.

Thierry Bonnefoy, CEO of Leygatech, said: ”Unigrains’ experience in the agri-food sector is of particular interest and offers clear synergies with our own expertise. At the same time, with Crédit Agricole, our historical banking partner, we share strong values and local anchors that are expressed through this transaction. Finally, the experience of both Unigrains and Carvest will enable us to accelerate our international development.”

Through the conservation and protective properties of its polyethene-based mono-material films, Leygatech provides unique added value in the flexible plastics value chain, where substitution is not possible.

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With the support of Unigrains and Carvest, Leygatech can accelerate towards recyclable mono-material films. This operation aims to accelerate Leygatech’s development by using internal and external growth initiatives.

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Romain Pinpernet, Investment Director with Unigrains, said: “Unigrains has long supported the agri-food packaging sector and is well aware of the opportunities and challenges. We are delighted to both support the future development of Leygatech and promote its products to industrial actors, always seeking innovative solutions in response to the technical and societal issues posed by the evolution of packaging.”

Quentin COSTE, Investment Officer with Carvest, added: “We are also sensitive to the transformations initiated by Thierry Bonnefoy and his teams for the recyclability of products and the development of the circular economy around plastic films, an issue that is central to Crédit Agricole’s medium-term project and a real challenge for the agri-food sector.”