Regain Polymers Holdings Ltd., a United Kingdom-based compounder and recycler of post-consumer rigid plastics, has been bought by German investment firm Aurelius Group for an undisclosed sum.
Aurelius already owns Eco Plastics, the Hemswell, England-based plastics recycler which it bought last year.
Regain, based in Allerton Bywater, England, posted 31 million pounds ($48.2 million) in sales for 2014, and was previously owned by Chamonix Private Equity.
Tristan Nagler, managing director of Aurelius UK, 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.”
Founded in 1991 Regain has 100 employees, operates seven extrusion lines with a combined annual capacity of 46,000 metric tons and two wash plants and a material preparation facility capable of dealing with 28,000 tonnes a year.
End markets for its recycled rigid plastics include automotive, environmental, packaging, horticultural and construction.