Private equity firm Aurelius Equity Opportunities SE & Co. has sold the United Kingdom-based Regain Polymers Ltd. to the Imerys SA, a supplier of mineral-based specialty solutions headquartered in France.
Terms of the deal were not disclosed, but Aurelius said that the acquisition of the Allerton Bywater, England-based firm will help Imerys expand its performance additives division, which develops products from recycled polymers.
Regain Polymers is a leading reprocessor and recycler of hard plastic waste in the U.K. It supplies customers in the automotive, environmental, garden products, packaging and construction sectors.
The product range includes polymers such as high-density polyethylene, polypropylene, talc-filled PP, polystyrene and other customer-specific plastics.
With 4.2 billion euros ($5 billion) revenue and close to 16,000 employees, Imerys delivers materials to various sectors, including processing industries and consumer goods.
Traditionally a supplier of minerals and other materials, Imerys launched its ImerPlast brand of recycled-content products at the 2013 K show and introduced it to the U.S. market at NPE2015.