Aurelius, an investment group based out of Germany, has bought the plastic recycling firm Regain Polymers.
However, the cost of this deal still remains undisclosed. Regain Polymers is one of the leading recycling firms in rigid post-use plastics.
Records state that the company started its journey in the year 1991. Since then, it has been operating from Allerton Bywater, close to Castleford in Yorkshire.
In the year 2014, the company had 100 employees and the total turnover was recorded at 31 million pounds.
This deal of Aurelius was made after the company’s previous acquisition of a struggling recycling firm called ECO.
Interestingly, even the price of that acquisition was not disclosed.
As far as the history of Regain Polymers is concerned, the firm was taken over by a London-based private equity firm called Chamonix in 2011.
Acquisition of the Recycling Firm Set to Address the Growing Demand of Recycled Plastic Content
The specialty of Regain Polymers is recycling of rigid plastic content as per customer requirement from industries like packaging, environment, construction and horticulture.
The portfolio of this recycling firm includes Talc-Filled Polypropylene (PPT), High Density Polyethylene (HDPE), Polystyrene (PS) polymers and Polypropylene (PP).
Its present compounding capacity is about 46,000MT per annum across seven extrusion lines.
It currently operates two wash plants, along with a material preparation facility having a capacity of 28,000MT per annum.
This in turn enables it to remove paper, contaminants, dirt and metal before reprocessing.
The M.D of Aurelius, Tristan Nagler, says that over the years, Regain Polymers has successfully delivered cost-effective and more complex recycling solutions to meet its clients’ evolving needs. He added further that Aurelius expects this alliance to prove advantageous for both the parties.
He is hopeful that this alliance will help take his company’s leading market position in recycled plastic content a step further.
He said that it will be easier for the company to meet the ever increasing demand of recycled plastic content from brand owners, retailers and automotive OEMs who want to bring down the carbon footprints of their packaging and products.
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