Aurelius Germany Acquisition of Regain Polymers
Aurelius Group (ISIN DE000A0JK2A8) (“Aurelius”), the pan-European, mid-market investor, today announces its acquisition of Regain Polymers Holdings Limited (“Regain” or “the Company”) from Chamonix Private Equity for an undisclosed sum.
Regain is the UK’s leading bespoke compounder and recycler of post-use, rigid plastics. Founded in 1991, it operates from a single well-invested site at Allerton Bywater, near Castleford, Yorkshire. Regain reported turnover of £31m in 2014 and employs over 100 people.
Regain has a strong track record in the extrusion of recycled rigid plastics tailored to the exact specification of its customers, which include operators in the automotive, environmental, horticultural, packaging and construction markets. The Company’s broad product portfolio spans the High Density Polyethylene (HDPE), Polypropylene (PP), Talc-Filled Polypropylene (PPT) and Polystyrene (PS) polymers. Its current compounding capacity across seven extrusion lines is approximately 46,000 MT per annum; the Company currently operates two wash plants and a material preparation facility with a capacity of 28,000 MT per annum, allowing it to remove contaminants, paper, metal and dirt prior to reprocessing.
Dirk Markus, Chief Executive of Aurelius Group commented: “We are very pleased to be announcing this deal which adds a further plastics recycling business to our portfolio. 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. Aurelius has a strong track record in supporting growth and value creation in its investee companies.
This, combined with our focus on operational improvement and experience in the plastics space, positions the Aurelius team very well to support the organic growth of Regain going forward.” Tristan Nagler, Managing Director of Aurelius UK, added: “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.”